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Featured Letters:
Sent: Thu 10/12/2006 10:40 AM
To: dahansen@png.canwest.com Cc: sunletters@png.canwest.com Subject: Economic Eviction for Renovation Oct 10, 2006RTA
Why does this paper constantly report on
the warm and fuzzy group hugs about tenants being evicted because their
landlord wants to renovate (Economic Eviction for Renovation Oct 10,
2006) ? The tenants say they don't know what to do because there is no
affordable housing. Well, there is lots of affordable housing out there
- just not there. In a market economy it is called supply and demand. If
the rent prices are too high in one area then they have to rent in the
next cheaper area. If the high rent areas cannot supply staff to work in
the businesses, or regular people to buy their goods, then the
businesses slow down and rents come down. A landlord takes all the risk
in developing and owning property - they need to be able to
renovate. The alternative is run-down unhealthy properties and a
downward spiral in the economy of the area.
Regards
CS
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