> Date: Sat, 4 May 2002 11:43:03 -0400
> From: "Neil I. Lifson" <[EMAIL PROTECTED]>
>
> > massive absentee-ownership and encroachment by an expanding university
>
> These two factors kept being tossed around as fear factors. Are they real?
> Or
> are they just bug-a-boos brought up by the real scaremongers in the area?
> -- Al Krigman
> --------------------------
> Re: Al Krigman's comments--
>
> 1) For one thing, it depends on how we look at absentee ownership. For
> example, Univ. City Housing, so far as I know, is one of the biggest owners
> of real estate in UC. Michael Karp is, I believe, the owner. He may have
> lived in UC at one time, but no longer does. I don't know where he lives
> (suburbs?), but ,I would call him an absentee owner. Others probably would
> not. And, he certainly is not in the same category as an owner who lives
> in, say, Connecticut. How would we classify Penn-owned units? In my
> experience in looking up owners, the many properties that are owned by the
> "small guys" are absentee-owned in the classic sense: the owners moved out
> of state or perhaps to the suburbs, somebody inherited a property but lives
> elsewhere, etc. And, yes, there are many rental properties owned by UC
> residents (I'm one of them). But, the vast majority are not. It would be
> very enlightening for all if we could get a handle on this question of
> r.e. ownership, as we must admit that firm statistics on this have not been
> presented and are not readily available. It would be a really good
> research project.
>
All of the information about who owns which property as well as how much
they paid for it and when (and other neat stuff that is part of the public
record) can be found at
http://www.hallwatch.org
under Real Estate and at the Board of revision of taxes:
http://apps.phila.gov/brt/Brtprop1101a.nsf
[Of course you have to know the names of the mothers, girlfriends, wives,
shell corporations, etc. of the landloards to guess who the real owners
are.]
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