Posted Nov 3, 2006, 1:24 PM
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Jax,Fl,USA
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Join Date: Jan 2006
Posts: 90
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The usual suspect in this type of "bombed out" urban decay is rent control by the government or municipality and restrictions on eviction. The building owners then cannot afford to maintain the building or pay the property taxes. In some cases it is more profitable to burn the building and collect the insurance than to continue to operate it. These buildings are not "obsolete" because they were built in the 60's and 70's. That is absurd to say.
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