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Your Next Project Starts with Brownstoner
“if you can’t figure out if you will be making enough money to operate the bldg, don’t buy it.”
What you’re missing is that it doesn’t matter at all whether it trades hands. Even if it doesn’t trade hands, the problem is exactly the same. The building goes into disrepair, it’s the government’s fault for forcing the owner to accept artificially low rent, and it is the height of madness to blame the owner for not putting money into the building.
I looked up “Nazi” in a slang dictionary once just to see what it said, it said “unreasonably authoritarian.”
another analogy.
you go to buy a used car. you find a pickup truck 30% below kelly blue book value. you do a carfax report and find out it’s had alot of problems and accidents.
you buy it anyway cuz it’s a good deal.
it blows up and kills you
who’s fault is it?
Given British sexual mores, anything in leather would be considered “Nazi.”
“Sorry guys but that is just utterly backwards reasoning. You don’t get to switch from blaming the people who are actually responsible for destroying these buildings (the government) to blaming LLs just because the property trades hands.”
sure we do – just search in the forum for “rent control” at all the wanna be real estate tycoons who think they can just buy a property with RC tenants (at a huge discount over market), and then simply boot them all out and make a killing!!
a property with all RC tenants costs significantly less than one with all market rate tenants. if you can’t figure out if you will be making enough money to operate the bldg, don’t buy it.
So it went something like this:
“You totally had a giant orgy with 5 nazi hookers!!!!!”
“No! They weren’t Nazis!!”
Does anyone else find this hilarious?
Sounds like a Faulty Towers episode!!!!!!
Sorry guys but that is just utterly backwards reasoning. You don’t get to switch from blaming the people who are actually responsible for destroying these buildings (the government) to blaming LLs just because the property trades hands.
By infinitejester on May 10, 2011 2:01 PM
Axl Rose said any more than three girls in bed with you, they begin talking amongst themselves and ignoring you
Same with Thai guys. I had 4 of them in bed with me once and most of the evening was them jammering away in Thai.
Of course i wasn’t able to actually speak anyway because of obstructions in my mouth.
jackal — if you bought a RC building at any time in the last 30 years, you could not possibly have been surprised at your revenue stream or the cost of what was involved in maintaining the building to code. Government hasn’t done anything to you as an owner since purchasing — it was all set before you bought. If anything, you got a benefit at the margins when limited vacancy control was enacted.