Comment 62725

By Undustrial (registered) - website | Posted April 26, 2011 at 15:03:05

I had some friends who lived in a divided old Ward 3 house last year. Spent many hours at the Landlord Tenant Board with them. The landlord was around almost daily (always requesting to enter) and nothing ever got fixed. The superintendent was a crackhead who eventually had to be fired because of all the screaming and police visits. The house was in awful shape and the work was well below substandard. Suffice it to say, we won money several times. But ultimately, other than a few months rent back, there was no lasting penalty against the owner - he just gets to do it again with new tenants. Much like the situation with the toxic barrels - residents can be evicted, poisoned, or threatened - property owners can at most face light fines.

I have sympathy for anyone crippled by government regulations, but the point of investing is to put money into things. There's a really popular myth these days that you can get into the housing market and the profits will roll in without you ever having to spend a dime of your own money. Some of us actually have to pay for our homes, and we only get to live in them, not profit from them.

"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford

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