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By TnT (registered) | Posted April 28, 2011 at 14:06:20 in reply to Comment 62727
Absolutely. However, applying the simple mantra of "greed is good" to gathering up loads of wealth can cause serious problems. I have read some very negative comments above, and for the most part civil, about this type of housing conversion. This is the purpose of this article, to encourage legal, safe, and healthy homes for people. The purpose of investing in central Hamilton is a vastly different thing then other places because of the variety of people we have. It should be encouraged, not driven out like some pariah. Rental investment (for me) is about a long term improvement and benefit, not instant monetary gratification. If the city improves, by proxy my income should rise with it, but that is not the only goal.
Look at a stonecutter hammering away at his rock perhaps a hundred times without so much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that came before.--Jacob Riis
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