Section 8 is a slum lord’s dream come true. It artificially jacks up the market price for low end rentals, and pushes mid range rents up as well.
This is news? To whom? This has been true for decades. Does ABC have a story on how welfare destroys the will to work for a living?
Yep, not news really; this program has destroyed suburban house values throughout the major metro area I live in. Forced us to sell our home, and of course, at a loss. The only buyers are investors looking to turn previously owned houses into Section 8. No one with a brain is “buying” a house in this county or any of the surrounding counties. Its a sure way to lose money.
My elderly Dad is eligible for Section 8 housing. I REFUSE to let him live there. Total dumps in our area filled with slackers and druggies.
‘The People’s Republik of Madistan’ is the Poster Child for: “If you build it, they will come!”
WARNING!!!!!
CONSPIRACY ALERT!!!
the reason for section 8 and low income housing is quite simple really...
when renters outnumber the homeowners, every property tax increase on the ballot will pass effortlessly...
if you do not own property, you should not be allowed to vote on property tax issues...
Across the street from a grade school, the government inspectors of public housing swab the walls for Meth smoke residue, and post florescent signs on the doors of the childrens families who have been evicted.
If you see a new apartment complex going up, no matter how high end, it will probably have section 8 in it. The reason is low interest HUD backed financing for the construction...available only if a certain percentage of the units will be section 8.
My experience with Section 8 renters is the opposite of what is described in this article. They were the worst of tenants, had little skin in the game, didn’t maintain anything, were destructive, and the government bureaucracy made it much more time consuming and difficult to get them out. Additionally, it becomes more and more difficult to find non Section 8 renters in the same areas.
Income from selling drugs does not count.
I believe lots of foreclosures have been turned into rentals. Many of these properties are owned by banks that got TARP money. The “toxic” loans were paid off yet the banks kept the property. Then the government said “If you’ll rent them out the taxpayers will subsidize you.”
“section 8” crap drives up rental prices, so government pays the rent for more and more people which drives up rental prices, so government .....
Besides the obvious wealth transfer features Section 8 ensures each neighborhood will have their quota of blacks. Our neighborhood had a home buyer default, the house was turned into section 8, and voila’ we had a Crips and/or Blood as our new neighbor. We literally had the police parked outside their Section 8 house. Eventually by some machination unknown to the rest of us they were moved out.
Someone a few years did an article about the correlation of section 8 properties to crime. It was practically a 1:1 match. The author was that rarest of birds, an honest liberal who didn’t expect the results obtained, but published them anyway.
Someone a few years did an article about the correlation of section 8 properties to crime. It was practically a 1:1 match. The author was that rarest of birds, an honest liberal who didn’t expect the results obtained, but published them anyway.
My wife is on a temporary assignment in Minneapolis and rents an apartment in one of the nicer suburbs. For what she is paying in rent I was shocked when she moved in that the complex looks like a third world bus station and is filled with Section 8 people who are getting their apartment for free or very cheaply on the tax payers dime. My cousin advised that in the Twin Cities you have to look for apartments as far as possible from bus routes to have any chance of escaping the Section 8 crowd.
It’s understood that landlords want tenants who pay at-market rent on time and in full each month. And finding renters who won’t destroy property is icing on the cake.
Section 8 is serving up such renters to real estate investors.
This guy is definitely smoking the wacky weed. From personal experience and from anecdotal evidence of friends who had rental property the odds of having your property un-destroyed are pretty darn slim. Approaching zero depending upon the ethnic group living in the unit.
Apparently Mr. Korte hasn't read some of the property owner horror stories on the web. Report the property destroyers all you want, the Gummint isn't going to do anything about it until you have tens of thousands of $$ damage, which you will have to repair on your own dime before they'll get you another tenant.
Let me tell you about a Section 8 person I know personally.
He is white, married for 15 years to the same woman, has 4 kids-one of whom is disabled. He has never done drugs or been arrested. Due to a very weird set of circumstances, he found himself enrolled in the Section 8 program, which allows him and his family to live in a 4-bedroom home. He makes just north of $30,000 a year. The wife can’t work because she has to take care of the disabled kid-and that’s a full-time job in itself.
The landlord is a black woman who owns several properties, most (if not all) of which are Section 8. This woman is also a real-estate lawyer and knows exactly what she can get away with. When she bought the house in which the man and his family are now living, she used inferior materials to refurbish it from the ‘party house’ it was used as before she bought it out of foreclosure. The workmanship of whoever refurbished the house was quite shoddy, and the man has had to do some repairs himself. When he brings it up to her, she threatens him with ending the contract and forcing the man and his family out.
Sadly, because housing in his area is frightfully expensive, he has found that...as much as he wants to move out into something that is NOT Section 8...he can’t. The rental houses that would accommodate his family would cost him over 2/3 of his monthly income. There wouldn’t be enough money left over to pay for food, utilities, gas to get to and from work, and the other bills he has to pay. His skillset, combined with his age (just turned 51), coupled with the bad economy preclude him from getting employment that pays more.
He didn’t vote for Obama, has never voted for any Democrat, and would love to be out from under the government program he finds himself in...but has no idea how without jeopardizing his family’s well-being. I would love to be able to give him an answer on how to proceed, but I can’t figure it out either.