Quote:
Originally Posted by OrdoSeclorum
Since you brought it up here, you must have some examples in mind where an existing three flat was purchased, torn down and replaced with a SFH lacking high end finishes?
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What if the owner of the 3 flat is an old couple with little in savings other than the huge amount of equity in their home? We punish them because some nitwit in city government hates the market? What if the 3 flat is in such bad shape that the cost of renovation is more than new construction? What would rents need to be to justify the cost? We must have some of the stupidest elected officials in the country. Let repeat violent offenders off because it is racist not to, but restrict homeowners from selling their property because that would be racist.