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Old 01-18-2011, 08:00 AM
 
13 posts, read 33,149 times
Reputation: 11

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I've been looking to purchase a home and my price range is around $75-85K. It seems alot of the areas have been taking over by Sec 8. I don't want to be in an area where Sec 8 is. It lowers the value of your home alot and there is more crime.

I know unemployment around here is high and causing this problem. What price range do you need to be in to avoid all of this Sec 8? Is it possible?
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Old 01-18-2011, 08:53 AM
 
Location: Scottsdale, AZ
2,153 posts, read 5,178,942 times
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The amount of section 8 housing has stayed very stable over the years because landlord must apply for and meet certain requirements for their properties and the number of applications to receive this type of housing is also limited.

However, many areas that were traditionally not considered to be rental areas do in fact have more renters simply because of the state of the economy.

I think you are going about it the wrong way. I would suggest you begin to search for homes that are in your price range and meet all your needs for livability and then investigate whether the ratio of renters to owners meets your criteria.

Any area where homes are in the $75K-85K are likely to have a high concentration of renters because this is a price range that investors like to operate in.
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Old 01-18-2011, 09:32 AM
 
2,879 posts, read 7,782,512 times
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Try finding a school district that doesn't have a bunch of kids on Free or Reduced Lunch. I paid 82K for a golfcourse condo in 1995. 1200 sf+garage. There were 200 units, and even then that place had two Sec 8 (everyone talked about it), and that place was fairly upscale. I bet there are Sec 8s in Sun City, and that is very well established planned community. Perhaps buy in a place where they simply do not allow rentals, but then you would be in an hoa.
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