.

IMAGE GALLERY: West Main Street Fire Destroys Condos

Marlborough and fire crews from around the area battled an out of control blaze on West Main Street Monday morning.

The , police and fire crews from a half-dozen other Metrowest communities fought a six alarm fire Monday morning in the condominiums at 271 West Main St. 

Check back with Marlborough Patch for updates throughout the incident.

Follow us on Facebook and Twitter to keep up to date on the latest Marlborough news, or simply hit the "like" button at the top of this page. If you'd like to receive the daily newsletter with our top stories, click here.

Me April 23, 2012 at 06:31 PM
Oh my good God!! Thank goodness everyone is ok & this didn't happen during school vacation. I'm glad everyone was able to escape, things can be replaced, people can't.
anonymous April 24, 2012 at 01:39 PM
A slumlord is a derogatory term for landlords, generally absentee landlords, who attempt to maximize profit by minimizing spending on property maintenance, often in deteriorating neighborhoods. They charge lower than market rent to tenants. Traditionally, real estate is seen as a long-term investment to most buyers. Most landlords will properly maintain their properties even when doing so proves costly in the short term, in order to attract higher rents and more desirable tenants in the long run. A well-maintained property is worth more to potential buyers. In contrast, slumlords do very little or no maintenance on their property and usually do not contract with property management services (just enough to meet minimum local requirements for habitability), and in turn offer low rent rates to lure tenants who will not (or cannot) pay high rent (and/or who might not pass background checks should these be required to live in the higher rent areas). Slumlords of this kind typically prosecute many evictions. It is not uncommon for slumlords to buy property with little or no down payment, and also to receive rent in cash to avoid disclosing it for tax purposes, providing lucrative short term income. (Thus, in the U.S., slumlords would normally not participate in government-subsidized programs such as Section 8, due to the requirements to report income and keep properties well-maintained.)
anonymous April 24, 2012 at 01:39 PM
A slumlord may also hope that his property will eventually be purchased by government for more than it is worth as a part of urban renewal, or by investors as the neighborhood becomes gentrified. Some slumlords are more interested in profit acquired through property flipping, a form of speculation, rather than rental income. Slumlords with this "business model" may not maintain their properties at all or pay municipal property taxes and fines they tend to accrue in great quantities. Knowing it will take years for a municipality to condemn and seize or possibly raze a property, the slumlord may count on selling it before this happens. People have a negative opinion of slumlords, blaming them for declining property values and whole neighborhoods of decrepit buildings. Slumlords leech away the wealth of the poor with little regard to future generations or the local people. In effect, they work in the opposite direction of gentrification, where landlords try to make appealing improvements to property in order to attract more affluent renters. Decay is a natural outcome of this strategy but defenders assert slumlords offer a valuable service for those who care more about price than quality. As many of these neighborhoods are often populated by poor minorities, the term ghetto landlord has also been used. Another type of slumlord is called a retail slumlord and keep shopping malls in a bad shape until finally the government buys it or confiscates it.
Rebecca Love April 27, 2012 at 03:49 AM
oh my! that is crazy!

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something