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| Underwriting got laxer and pricing got a little weaker, which led to the results in the 2001, 2002, and 2003 time-frame. Until two years ago, the city required 100 percent homeowner consent to create a historic district, but new, laxer rules require the support of a majority of neighbors. In areas with laxer enforcement, property owners face little incentive to spend the money to clean up their buildings. |
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