I agree with you about the need, and having someone live in the area is definetly BETTER than NOT.

I just do not buy into the Theme that because they are using their capital to make money for themselves that is supposed to be Good for US?. The only good thing is that won't rent to TRASH and might be abit more conscience about the apprearance of the property.

And if you care to look at our NEIGHBORHOOD BLOCK BY BLOCK we have WAY TOOO MUCH RENTAL, we are in the process of mapping out and It's pretty FRICKIN SCARY. SO forgive me for NOT Jumping for joy.

Cammy is right on the money on this issue! When these rowhouses in the NE (Mayfair, Tacony, Wissinoming, etc.) were built, the corner properties (4 per block) were usually constructed as duplex apartments and that made for a nice balance between renters and owner occupants. In addition, single family properties were rarely rentals until these out-of-town investors invaded our neighborhoods. Many out-of-town investors, however, are renting out the basements of the corner duplexes and the basements of some single family properties, too, making them illegal. Adding insult to injury, the majority of them do not maintain their properties and they rent to anyone who is breathing and has 3 months rent up front--no questions asked! And, in many cases, they are paying the same, or a few dollars more, in real estate taxes as the single family owners on the block are paying! If you see that a second back door has been installed at a single family row home that is not a corner property and you know the former owner made the basement into a finished rec room, that is a sure sign that the investor who bought it is illegally renting out the basement, too! And, of course, the only time you will see the investor/owner around is when their low-life tenants who are often drug dealers and/or druggies or registered sex offenders, have criminal records or have previously been evicted by other landlords in the past is when their tenants stop paying the rent and have trashed the property!

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"Public opinion is a weak tyrant, compared with our own private opinion." Henry David Thoreau, 1854

"Either you're part of the solution, or you're part of the problem." Eldridge Cleaver

Sorry, gotta agree with her there- Don't really see "Investors" who carve up single family homes into rental properties as acting out of "neighborhood benevolence"...call me a pessimist

I completely agree that is a major problem and one that we can't allow. But I don't think that was Lark's intention.

Regarding turning rowhouses into triplexes, subdividing properties into tiny rental units is practice that must not be allowed. We didn't have that power back in the day and many great houses became slummy. We have that power now and Tacony uses it.

Not all landlords are scum. Many are, and we must fight those vigilantly. But we do need the good ones. Crapping on someone who states they want to be a good landlord and invest in their own neighborhood isn't a way to attract good landlords. It's the way to scare them off, leaving only those who don't care to be the only landlords in the neighborhood.

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"Things are starting to get interesting right about now"

Scoats - publician, writer, artist.

All comments made by me on his board are given freely and probably worth what you paid for them.

ahahhaha yet you expect us to buy into the idea that its good that a local person owns a bar vs. an out of towner.( as if the frankford avenue bar scene was littered with them)

but yeah i think there is not enough bars in the neighborhood.....so i am glad you use these boards to advertise for cappy bars #'s 1-293984

>>>I just do not buy into the Theme that because they are using their capital to make money for themselves that is supposed to be Good for US?. The only good thing is that won't rent to TRASH and might be abit more conscience about the apprearance of the property.

And if you care to look at our NEIGHBORHOOD BLOCK BY BLOCK we have WAY TOOO MUCH RENTAL, we are in the process of mapping out and It's pretty FRICKIN SCARY. SO forgive me for NOT Jumping for joy.[/quote]

I agree. You're gonna have landlords in every neighborhood and the number of rentals is going up everywhere, even in the burbs, in todays housing market. You have to keep those landlords in check; its not realistic to try to get rid of renters all together. Buy the house, Lark. Just know that if that property gets trashed, you'll have to deal with cammycap

Nobody opens a bar or restaurant to make a quick buck..

Yet I can't think of any another reason to to operate rental properties..

I don't really care if thats what he wants do (Hey, everybody needs a hustle) but at least be honest and call it what is...A WAY TO MAKE A QUICK BUCK!!

Low Income people who rent will ruin your neighborhood.

Look at East UpperDary and CliftonHeights.

Ewwww

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"who pissed in your cheerios of life"?

Don't see how one can say that a person purchasing a property in THEIR OWN Neighborhood to fix and rent is a way to make a quick buck, but a person opening a bar in their own neighborhood is an investment in that neighborhood. In my opinion they are both the same.

Their are losers that own bars as well as losers who own rental properties.

In the end, both are investing to make money either by product sales, equity, or property resale.

I for one would like to see neighborhood property owners chase out the absentee landlords, which is why I'm not going to bash anyone who invests in the area they live.

ding ding ding we have a winner



>>>Don't see how one can say that a person purchasing a property in THEIR OWN Neighborhood to fix and rent is a way to make a quick buck, but a person opening a bar in their own neighborhood is an investment in that neighborhood. In my opinion they are both the same.

Their are losers that own bars as well as losers who own rental properties.

In the end, both are investing to make money either by product sales, equity, or property resale.

I for one would like to see neighborhood property owners chase out the absentee landlords, which is why I'm not going to bash anyone who invests in the area they live.[/quote]