| Comment | Well, if you've taken out a 30 year mortgage on a home and then all that's left to show for it is about 15-20 square metres of building plot, then yeah that is going to be pretty bad.
Anyway, a well-maintained tenement that isn't subsiding should have another couple of centuries in it - the main structure is solid engineering, as was the norm for those eras. Certainly demolition and rebuild isn't the economic choice, because you're just replacing it with something that will have a shorter design life. Maintenance costs of tenements isn't much more than for modern buildings (and I'd argue probably less than a lot of the shittily-built 90s/00s flats around Glasgow), it's just all too common that you have cases like this when no significant maintenance is done for 20 or 30 years, because factors are shite, and then a big bill comes along at once. |
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