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From: hank.walker@UNH.CS.CMU.EDU
Newsgroups: mod.politics
Subject: running down property
Message-ID: <12228451868.51.MCGREW@RED.RUTGERS.EDU>
Date: Tue, 5-Aug-86 16:12:20 EDT
Article-I.D.: RED.12228451868.51.MCGREW
Posted: Tue Aug  5 16:12:20 1986
Date-Received: Wed, 6-Aug-86 02:14:08 EDT
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Reply-To: hank.walker@unh.cs.cmu.edu
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Approved: poli-sci@red.rutgers.edu


Anyone who thinks that owners won't run down property have had either
limited experience or incredible luck with landlords.  If the landlord
truly cared about long-term value, or leaving the best possible
property for their kids, they would keep it up.  In fact I have had
landlords whose conscious policy was to run an apartment into the
ground, so that ideally it had zero value on the day they died.  Not
all landlords are like this, but some are.  In some cases, running
into the ground means destroying the value of the land for a long
time, such as creating a bogus toxic waste dump.  It only takes one in
a long string of owners to do this.
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