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It was a section 8 inspector that actually filled me in on what was going on.
I once bought a duplex, invested $20K into repairs, and set rental rates so I could get a 10 cap rate with a 5% vacancy rate.
When the Section 8 inspector came to look at the place, he asked me why the rent was so cheap because I had just put all of the money into the place. I asked him what he meant, because the rental rate was the market rate in the area, and he gave me a sheet with what Section 8 pays and told me to go by that, not what other units were renting for if I was going Section 8.
His justification was that Section 8 tenants usually destroy units, and had higher repair costs than normal, (since they dont pay rent and usually had more children than normal).
I rarely had an issue like that though, but I went through great lengths to screen tenants. I'd even pop into their previous rental houses unannounced to get a lease signature "I forgot" to get them to sign earlier on their applications, just to see how they lived.
Ahh yes, nothing like seeing a corrupt government housing inspector advising you on how to pad your bill to the government illegally.
Seriously, given how often you post about this sort of thing, dont you see the problem? I mean honestly....you're part of the problem.....and you then complain about it. the irony is killing me.
Absolutely. We're dealing with Section 8 problems right now in an otherwise nice neighborhood. It's heart-breaking, and one long-time homeowner has already sold out.
Before anyone has a hissy-fit, how about you spend a few years living in the midst of Section 8 housing, and then get back to me.
Ahh yes, nothing like seeing a corrupt government housing inspector advising you on how to pad your bill to the government illegally.
Seriously, given how often you post about this sort of thing, dont you see the problem? I mean honestly....you're part of the problem.....and you then complain about it. the irony is killing me.
What part of Section 8 gives you the rental reimbursement rates, dont you understand?
How am I part of the problem? Because I gave people affordable housing that liberals just spend pages justifying was needed?
Absolutely. We're dealing with Section 8 problems right now in an otherwise nice neighborhood. It's heart-breaking, and one long-time homeowner has already sold out.
Before anyone has a hissy-fit, how about you spend a few years living in the midst of Section 8 housing, and then get back to me.
BTW, that article was a great read.
One of the biggest challenges with section 8 people is their tendency to damage property, and their willingness to damage a neighborhood. Its a great program for about....hmmmm 70% of the people on it...the other 30% make it suck to rent to them. With normal people that tends to be only 10%.
What part of Section 8 gives you the rental reimbursement rates, dont you understand?
How am I part of the problem? Because I gave people affordable housing that liberals just spend pages justifying was needed?
LOL, they give you the maximum. You're part of the problem because you are defrauding the government. I posted why thats so, and even put it in bold for you.
One of the biggest challenges with section 8 people is their tendency to damage property, and their willingness to damage a neighborhood. Its a great program for about....hmmmm 70% of the people on it...the other 30% make it suck to rent to them. With normal people that tends to be only 10%.
So if you admit they tend to damage properties at a much higher rate than "normal" people, then why would you have a problem with reimbursement rental rates being higher?
LOL, they give you the maximum. You're part of the problem because you are defrauding the government. I posted why thats so, and even put it in bold for you.
No, they gave you a range, depending on number of bedrooms. As as you JUST admitted, they conduct more damages so you'd expect to charge them higher rates.
So if you admit they tend to damage properties at a much higher rate than "normal" people, then why would you have a problem with reimbursement rental rates being higher?
Shrug, probably because section 8 also gives you a fairly captive tenant. There are benefits to it from a landlord side.
Bottom line is...its fraud to rent to them at a higher rate then the other apartments. Its also very common. But when you sell those apartments to another person with that income rate based upon defrauding the government, you have defrauded them too.
Bottom line is, you're justifying your illegal actions, while also complaining about the effect those illegal actions by you and others do.
Anyways...im done debating your criminal actions. I will not respond to your self justifications any more.
Your source says "Verde Point is a "luxury apartment" complex that is currently accepting public housing assistance recipients who will live there practically for free, (at least until they become gainfully employed and their incomes rise.)"
Notice the words in ( ) above. That apartment is part of some "rare" work training program, and its only temporary housing.
Your source also says "local governments pay for subsidized housing in luxury units by giving tax breaks to often-wealthy real estate developers who set aside units."
Will you attack the wealthy real estate developers who created those Sect 8 apartments?
Or will you only attack the low income Americans who live in the apartments?
Answer: You will forgive the wealthy developers who created the apartments. Then you will attack the low income Americans for temporarily living in the apartments.
Shrug, probably because section 8 also gives you a fairly captive tenant. There are benefits to it from a landlord side.
Bottom line is...its fraud to rent to them at a higher rate then the other apartments. Its also very common. But when you sell those apartments to another person with that income rate based upon defrauding the government, you have defrauded them too.
Bottom line is, you're justifying your illegal actions, while also complaining about the effect those illegal actions by you and others do.
Anyways...im done debating your criminal actions. I will not respond to your self justifications any more.
no its not.. The Section 8 office DICTATES the rental range depending on the areas and number of bedrooms. If your rent is too high, then the tenants can pay the difference. I just chose to forgo the difference because I was happy with the reimbursement amount and it wasnt worth the trouble to collect.
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