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babyyodaisamazing98 t1_jddyhko wrote

If these units really need more than $10,000 in repairs per unit then it’s no wonder they sold.

Maintaining affordable units is always a challenge and I don’t see any easy short term solutions.

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da_london_09 t1_jdeip60 wrote

It's the main reason why Penn Plaza was torn down. Between asbestos abatement, old rotting galvanized pipes, dangerous aluminum wiring, aging appliances, worn out roofing, and worn out HVAC systems, it would be pretty much impossible for the owners to repair it without moving people out (mainly for asbestos), and without having to substantially increase rent to cover the renovations.

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ShanghaiShrek t1_jdj4re2 wrote

There was a period of time where the worst construction practices converged at the same time. Like damn, did that building have Federal Pacific electric panels, too?

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