If we see Section 8 housing in nice suburban single family home neighborhoods, and if too many are in an area, couldn’t that cause property values to slide further? Isn’t it quite possible that there will be unintended consequences to this policy??????
Also, this will put the government in more direct competition with small, rental housing property owners. Will the government drive the rent up or down?
The unintended consequence is that the government ends up owning all the homes. Which is the intended purpose.
It’s a bank bailout + vote buying. Taxpayers fund both while the treasury and politicians get the rent.
UNINTENDED consequences?
You’re on to something. Rents will go down due to excess supply. Time to bail now on residential REITs if anyone still has one.