Posted on 09/09/2012 11:20:23 AM PDT by 2ndDivisionVet
Here's an odd side effect of South Florida's foreclosure crisis: Some immense homes with pools and three-car garages in gated communities are being rented out to unlikely tenants — poor people paying with Section 8 aid.
Among the properties are homes with up to 4,500 square feet of space in private communities with guardhouses and regal names such as "Monarch Lakes" and "Bellagio at Vizcaya."
Some of the owners are teetering on foreclosure and gambling they can earn enough money from the federal housing vouchers to stave off the banks. Others bought the properties cheap in foreclosure auctions and want the guaranteed rental income.
Housing advocates and the government view the turnabout as a win-win for homeowners and the poor, who have access to safer communities and better schools.
But some neighbors are aghast.
After a single mother and her nine children rented a house in the exclusive Isles neighborhood of Coral Springs, the homeowners association adopted an amendment to its governing documents stating: "No Section 8 or government leasing assistance is permitted."
The association is threatening eviction.
Federal law does not expressly outlaw such bans....
(Excerpt) Read more at sun-sentinel.com ...
Only a matter of time before that property falls into disrepair, filled with trash and its interior gutted and destroyed. The owner needs to be held liable for every penny of depreciation of all properties affected by this.
So, will we see formerly nice neighborhoods “go ghetto” as we see the public assistance crowd move in?
Do these owners realize that public assistance types really tear up the places they live in? The rent income they get will not offset their repair costs, or their ongoing mortage costs, to keep the properties.
If you get undesirables in nice areas, then property values drop for everyone.
They are about to discover a corrolary to Gresham’s Law - bad neighbors drive out good.
You and I had the same thoughts, but you expressed it better than I did. If these owners think renting to the Section 8 crowd will give them income to tide them over until the real estate market improves, they are dreaming.
In evil times, the more useless or dangerous you are to society, the higher you live.
Amazing, how satanic goverment has become after we turned our back on God.
Back up and think for just a second. How do you propose trying to sell the notion that renting to the “wrong” people is actionable? It will never happen, not in a million years.
9 children.
To prevent us from escaping neighborhoods that are "a changing" they fix the housing bubble in such a way to make it difficult for us to move. Then they fix it so people who breed crime are allowed into neighborhoods they would not be able to afford without a grand infusion of OUR CASH.
The Plan is for all of us to live happily in a Worker's Paradise, unable to move as we see fit, and have us pay the entire bill.
And who pays the utility bills? I own a 1800 sq" 4/2 in NE Florida, brand-new energy-efficient everything and my summer utility bill can easy exceed $300 -and that's keeping my A/C set at a sweltering 76 degrees.
I can't image what the bills for a 4500 sq" home with a living room "large enough to play football in" are going to set back these Section 8 tenants.
Just a small number of these folks will destroy the neighborhood in short order. Many of their children are little cretins who start building up rap sheets in their early teens.
Does anyone know if there is a publicly available list of addresses that have already been rented to Section 8 tenants? That would be useful information to track if you’re thinking of buying a home.
You and I do, naturally.
P.S..... don't forget to put your garage door down after you pull the car in....and for heaven sakes don't leave it open overnight!
At the link you can click through to a government website that may work for that purpose.
I just copied it off and I'm sending it to our Homeowners Association Board to make sure this doesn't happen in our neighborhood.
Yes, of course. Stupid me. I'm sure they qualify for all kinds of exemptions, vouchers and reduced rates which means they wouldn't see a $300 utility bill if they ran their a/c 24/7 at 65 degrees with the windows open. Not to mention, many of them probably qualify as disabled which means paying their utility bill is completely optional. In many places, it's next to impossible for the power company to shut off a disabled person's service no matter how high they've run up past-due bills.
I'm preparing a copy of this article with cover letter for my own Homeowners Association Board to insure this doesn't happen in our neighborhood.
As a disabled veteran, that’s news to me. Do you have a link by any chance?
That's the one that can be placed as a lien against your house and cloud the title until the homeowner pays it.
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