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By RyanB (anonymous) | Posted April 26, 2011 at 12:43:02
Very good points, Lawrence. I like the one about the association/course to take for future property owners. Most have NO CLUE what goes into it. And of course there are those who do not own anything, yet think that we, as owners, should just "throw more money into it, because you're all rich". There needs to be education all the way around.
And you're right; money must go back into the property. You don't buy a house to live in and expect to never have maintenance issues... same with a rental property. It's something that will make more for you in the long run the more you put into it (for the most part). The nicer/well maintained a house is, the more people want to live there. Period.
If this city was desirable to more people, then we would not have as much of a problem as people would be buying up these properties to live in and not rent out. Then the landlords would be a select fewer who really know their trade. But until people really desire to live in the downtown core, we'll always have this issue (I think).
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