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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