Quote:
Originally Posted by esquire
I like the principle behind the whole thing, I just wonder if this is going to result in some unintended consequences. Slumlords can be smart guys, are they going to rent out their building to some terrible tenant who runs the place into the ground and then claim it isn't vacant anymore? Or who knows what other kind of gaming the system could result.
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Smart? Unlikely. Unpredictable. Sure.
If they're landowners and missing the boat on pursuing the highest and best uses of their properties, I'd say smart is general.
If you own anything valued at $500k or much more, you better know how to use it.
I'm kinda libertarian in a don't-tell-me-what-to-do kinda way, but I think support this initiative.
I'd imagine that any smart slum landlord would seek to sell his lot or building because the market is strong right now. But that's what a smart, rather than unpredictable person would do.