The new lead paint remediation laws handed down by the EPA will cause a sharp drop in existing lower income housing stocks due to the high cost of remediation vs. the return on investment. Considering the lack of a tax incentive or writeoff balance, there will be a new willingnesss to just tear them down and let the land grow over. many will simply let the property go to municipalities for taxes and throw the burden on the backs of the taxpayer.
Posts
