section 8??? in avalon park??? (Orlando, Eustis: luxury, apartments, income)

[the9thwonder]

"If you bought into Avalon park in the last 2-3 years, you got screwed. No other way to put it. Housing values over time track local wages, not whims. Wages in Orlando are low, so therefore housing prices will come down over time."


I bought recently, yes, but I am not worried about getting screwed. As for my house, I have less money in it than most others. I could sell it and make a good profit, it would probably take a while to sell it though.

And, if housing prices correlate with wages, then what happened in South FL?
10-20 yrs before market goes back up? I not only hope not, but I think not. 2 yrs or so is when I think it will turn around.

[Manning701]

What is the name of the apartments that you think is section 8????

[the9thwonder]

I think it is called Grandville...

I also am now hearing plans of 3 more like it in the Avalon Park areas

[oresident]

Originally Posted by macgyver37

I hope every house in Avalon Park drops in value by at least 30%. Pretty sad that adults sound like children not getting what they want.

Why would you wish misery upon other people? This sentiment seems to be a cynical underlying theme to a lot of the negativity on this board: "I wish something bad would happen to people so they can feel how bad things are." You actually want someone's house to lose value just to watch them suffer? What provokes this kind of jealousy?

Adults who own a house have invested their life savings and life's work into making a home for their family. It is nothing at all like a child not getting a lollypop. We are talking about people's dreams and their children's futures. Why do you want them to suffer for your cynical satisfaction?

ores

[Milliano]

I don't think hardly any of you even know what Section 8 is. In most cases it's in the form of a housing voucher... meaning a tenant can choose to rent anywhere that they can afford, should a landlord accept a voucher. ANY dwelling could potentially be "section 8". Unless it's a project based subsidy (which it probably isn't) then there is no such thing as a "section 8 building". Your next door neighbor could be using Section 8 for all you know.

[mojow]

Yep. My neighbors don't know that I have a voucher.

Maybe it's cos I mow my lawn more than my other neighbor who isn't poverty stricken, who can afford to have his lawn mowed, but just lets it sit because he's lazy. I offered to do his lawn once a week. (I need the extra 15 bucks/week.)

People with a voucher look through the paper for places to rent and have to choose ones that are within guidelines of rental amount. They can approach a landlord and ask if they will consider being put on the list as section 8 available. The landlord signs an agreement with section 8. The landlord doesn't HAVE to rent to section 8 even if he at some previous point, signed up to be section 8 available, so in that way he's not obligated, but for as long as he has a section 8 tenant CURRENTLY renting his place, he does have to have his property inspected once a year... for the benefit of both him and his tenant.

[Guywithacause]

Yes I too have heard also about the additional low-income housing going in around Avalon Park. I am not sure why this is happening, or what elected official(s) are pushing this agenda.

However, what I have noticed in my experience is that once one of these low-income communities are built, it typically swallows up surrounding neighborhoods as people leave/sell and new low-income developments are built. I am not sure that this will happen anytime soon, however I did hear about more of the low-income communities going in in Avalon Park. I wonder how this will play out...the more they build..the worse it will be for everyone...

[orlando'an]

yup. i live in the area, and would like to sell before it gets bad.

[Milliano]

Scientific studies have shown that low income housing does not decrease surrounding land values.

Are the sales prices of single-family homes made higher or lower when low-income housing is nearby? Most studies indicate that affordable housing has no long term negative impact on surrounding home values. In fact, some research indicates the opposite! However, local communities continue to believe the myth, raising a cry of "Not in my Backyard!"

Field Guide to Effects Of Low-Income Housing On Surrounding Properties (NAR Information Central)

Really, stop this unfounded, classist fear mongering about affordable housing.

[Guywithacause]

I don't think we were discussing affordable housing...the issue here is low-income housing...those are two different topics. I am all for affordable housing, but why would I want low-income and section 8 tenants in and around a neighborhood with $350,00++ housing? How is this beneficial to me or my housing values?

I think this fear is not unfounded, in fact it has been proven over and over again over the past 40 years in a variety of cities. The low-income/housing projects go up...and middle class flight ensues...this is nothing new or not proven. I think these concerns are quite valid and should be addressed.