“Section 8 reparations coming to a foreclosed McMansion near you.”
I have a rental. I’m already competing with all sorts of subsidized rental units. This will drive small rental owners out of the business. Also, can you imagine what some low class ghetto dwellers in your nice, middle class community will do for home values? I can. I’ve seen it. The city of Tampa bought homes in my parent’s neighborhood and moved in ghetto-dwellers. There had never been much crime. Suddenly, the old folks were being accosted in their yards and a 10 year old showed my 94 year old Dad a pistol and told him to “get the f*ch out of here.” (From my Dad’s own back yard.) On the good side, you could buy drugs on the street corner. How convenient.
“Also, can you imagine what some low class ghetto dwellers in your nice, middle class community will do for home values? I can. I’ve seen it.”
Oh yeah, I’ve seen it too. When the home next door is trashed and has diapers thrown all over the lawn, and cars coming and going at all hours, it certainly doesn’t enhance or stabilize real estate value. The other neighbors dump their homes and flee.