|Re: Questions about Reserve Amounts||<– Date –> <– Thread –>|
|From: Brian Bartholomew (bartholomew.brianyahoo.com)|
|Date: Sun, 8 Jul 2018 22:32:14 -0700 (PDT)|
If you don't keep your home in repair, then it will wear out in 25 years and be knocked down and buried in construction landfills. If you spent $0.5M/unit on fancy efficient construction materials, keep them in service long enough to pay back your investment by saving energy. I recently read that due to lack of maintenance, in part due to rent control preventing the owners from collecting enough rent to pay back remodeling loans, much of the government-subsidized housing in NYC is totaled. This housing requires as much repair cost as it would take to build new. As house repair problems snowball when ignored, the total cost would have been much lower and the housing still intact if problems were corrected as they appeared. Brian
- Re: Questions about Reserve Amounts, (continued)
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