Once a grand residential area, Tower Grove was struggling from a generation
of absentee ownership.
Not exact matches
This kind
of classical free market viewed capitalism's historical role as being to free the economy from the overhead
of unproductive «usury» debt, along with the problem
of absentee landownership and private
ownership of monopolies — what Lenin called the economy's «commanding heights» in the form
of basic infrastructure.
Meanwhile, not only does housing grow less affordable, but also more money leaks out
of the local economy via mortgages and
absentee ownership.
Right now I have about 4,500
absentee owners that have 10 + years
of ownership and 50 % + equity.
In addition to being able to take advantage
of tax deductions, the National Association
of Housing Cooperatives (NAHC) says shareholders will find that co-ops have low turnover rates, lower real estate tax assessments, reduced maintenance costs, resident participation and control, and the ability to prevent
absentee and investor
ownership.