U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > San Bernardino and Riverside Counties
 [Register]
San Bernardino and Riverside Counties The Inland Empire
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
 
Old 02-19-2009, 06:55 PM
 
Location: Inland Empire
7 posts, read 23,287 times
Reputation: 13
Default Pros and Cons

We're looking to take advantage of these low home prices below 100,000. Does anyone have knowledge working with the government under section 8 and it's renters that qualify and meet the requirements?

This purchase would help finance the kids through college in 10 years "IF" the market should rise in value.
Quick reply to this message

 
Old 02-19-2009, 08:08 PM
 
3,441 posts, read 4,725,368 times
Reputation: 2297
Quote:
Originally Posted by thesunking View Post
We're looking to take advantage of these low home prices below 100,000. Does anyone have knowledge working with the government under section 8 and it's renters that qualify and meet the requirements?

This purchase would help finance the kids through college in 10 years "IF" the market should rise in value.

I'm not to clear on your question but if your trying to apply for section 8 your going to be on a waiting list for a few years..

If you have property and you want to rent to people who live on section 8 I have herd from landlords that they can be a hassle.
Quick reply to this message
 
Old 02-19-2009, 10:00 PM
 
Location: southwest michigan
1,061 posts, read 2,130,989 times
Reputation: 471
If you're looking for a lot of appreciation, you need to be in a good area, and have a decent home/lot size. I don't know of *anywhere* in the country that will offer that for under 100K. Are there specific homes you have in mind? I'm curious!
Quick reply to this message
 
Old 02-19-2009, 10:15 PM
 
11,728 posts, read 22,912,448 times
Reputation: 7058
So you want to buy a house in a slum and rent it out to people who will trash it?
Quick reply to this message
 
Old 02-19-2009, 11:02 PM
 
Location: Inland Empire
7 posts, read 23,287 times
Reputation: 13
We're interested in buying a second property in the high desert area of Victorville, Ca and alike.

Seeking information if Section 8 is beneficial to us as landlords, I understand that the property has to be up to date and meet a criteria to be able to qualify and rent to section 8 candidates.

Or would we be better off seeking our own tenants?

I'm open for horror stories and positive (good) results.
Quick reply to this message
 
Old 02-20-2009, 01:26 AM
 
Location: Columbia, California
6,516 posts, read 13,497,270 times
Reputation: 4522
Why rent to the lowest common denominator?
Quick reply to this message
 
Old 02-20-2009, 09:50 AM
 
Location: San Jose, CA
214 posts, read 614,600 times
Reputation: 121
Quote:
Originally Posted by ferretkona View Post
Why rent to the lowest common denominator?
Because the original poster would rather bet on home price appreciation (speculation) than put away money for their kids college in a 529 plan.
Quick reply to this message
 
Old 02-20-2009, 08:26 PM
 
Location: Gallatin Valley
335 posts, read 720,359 times
Reputation: 136
I would highly recommend against it. The Section 8 crowd is the reason we are choosing to buy in Phelan asap instead of buying in Victorville. Anybody here remember Moreno Valley? It built up quick and crashed hard.

I don't want to be paying $1,500 a month to live in a 2 story 3000 sq ft home, just to have them rent it out to section 8 and have some gang family live next to me for $400 a month!
Quick reply to this message
 
Old 09-10-2009, 08:21 PM
 
1 posts, read 3,302 times
Reputation: 10
Default Times are hard

Quote:
Originally Posted by Desertrose34 View Post
I would highly recommend against it. The Section 8 crowd is the reason we are choosing to buy in Phelan asap instead of buying in Victorville. Anybody here remember Moreno Valley? It built up quick and crashed hard.

I don't want to be paying $1,500 a month to live in a 2 story 3000 sq ft home, just to have them rent it out to section 8 and have some gang family live next to me for $400 a month!

There are single moms who are full time students and who work real jobs, leaving no choice but to rely on sec8 while we put the pieces of our lives back together. We are not all born into or associated with gangs. I am just a small voice that finds it hard to rent a house on sec8 in a decent area, because of stereotypes such as this. In the age of this recession there are more and more of us section 8 dwellers that used to be able to afford to live the way want to. Is it the fact that our rents are lower that makes the more fortunate sore? We should not all be pegged into the barrel of bums and lower class? At the end of the day aren't we all human? So sec 8 is only for bums??? I am quite educated. My family has the right to be safe and not frowned upon.
Quick reply to this message
 
Old 09-10-2009, 08:26 PM
 
Location: Pennsylvannia
41 posts, read 151,374 times
Reputation: 26
Quote:
Originally Posted by Desertrose34 View Post
I would highly recommend against it. The Section 8 crowd is the reason we are choosing to buy in Phelan asap instead of buying in Victorville. Anybody here remember Moreno Valley? It built up quick and crashed hard.

I don't want to be paying $1,500 a month to live in a 2 story 3000 sq ft home, just to have them rent it out to section 8 and have some gang family live next to me for $400 a month!
Are you saying that they would rent it out from underneath you?
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > San Bernardino and Riverside Counties
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top