Watch out for Section 8 tenants - coming soon to your apartment building! (unemployment, buy)

[eureka1]

Originally Posted by Tulemutt

Ahahahahahahahaha ... lmao. Wait, eureka ... you’re suggesting that successful investors have and use what they stereotype Section 8 applicants not having?

Sorry, Tulemutt, I don't understand your point. First time I haven't understood something you've said. Sure it's just me.

[Tulemutt]

Originally Posted by veritased

Actually it' society's burden, but not society's problem to solve. People make bad decisions, and I am tired of being taxed to death to create a bureaucracy to ostensibly negate these bad decisions, but of course never even does that.

Stop telling us that we have to raise everyone elses kids and fix everyones problems and mistakes and bad judgements. There have to be consequences.

Now, I will concede on principle that there are many Section 8 residents that are upstanding people with character and virtue, and I suspect those people will find their helping and lending hand extended to them.

But then I recall the teens roaming the Mo Val streets at 9pm in the summer, with quarts of ice cream in one hand, and the other hand scooping out handfuls and shoving into their mouth. Never heard of spoons (or ladles) I guess. I just can't get over how bad Section 8 ruined that suburb. Boy they sure got even with the banks lending money to home buyers... many banks lost their shirts on that city.

I think all Newsom voters should take in at least two Section 8 renters, and show us the way.

Lmfao. Difference between a “burden” and a “problem” is what, exactly? . A burden IS a problem by definition. And you can be “sick and tired” of it all you want ... But being so doesn’t stop the problem/burden now does it?

What “consequences” do you have in mind? Too ‘effing funny. Woof woof woof. That’s all you and most other complainers are doing.

“Bad decisions”? The kind of Section 8 people you are referring to have never known a choice difference in the true sense of the word “known”. That’s not an excuse from me you are reading. There’s not an ounce of bleeding heart or call for sympathy in anything I am saying. It’s a simple statement of fact: They’re here. In your face. Whatever makes them so as they are.




Now, whatchagonnadoaboutit? Besides kvetch and stamp your feet and pretend the problem and solution are freaking ideological. If that were the case the problem would have been solved in previous administrations of one kind or another. And, as expat pointed out: cut them off and they are homeless on the street. Arrest them for what? Force them to do what how?

[Tulemutt]

Originally Posted by eureka1

Sorry, Tulemutt, I don't understand your point. First time I haven't understood something you've said. Sure it's just me.

Heh. Meaning you just pointed out how silly these arrogant “investors” are. They ridicule the Section 8er’s for not applying themselves to their situations in life by analysis to find the best paths forward .. but truth is as you said: landlords can exercise analysis to create a winning strategy instead of just demonizing and whining.

[veritased]

Originally Posted by Tulemutt

Now, whatchagonnadoaboutit? Besides kvetch and stamp your feet and pretend the problem and solution are freaking ideological. If that were the case the problem would have been solved in previous administrations of one kind or another. And, as expat pointed out: cut them off and they are homeless on the street. Arrest them for what? Force them to do what how?

I ain't stamping my feet, just telling your Section 8 program ain't working. It's breaking, in fact.
Again, you can choose to stamp your feet and be fatalistic about the homeless and all of California's woes, but it won't solve the problem.

[jetgraphics]

When the right to "TAKE" supersedes the right to "OWN" government becomes an enemy of the owners and workers.

[veritased]

Originally Posted by jetgraphics

When the right to "TAKE" supersedes the right to "OWN" government becomes an enemy of the owners and workers.

Actually just the owners... they claim to be the friend of the workers, our AOC and Bernie socialists do... bu then they come to realize, only when it's too late, how tyrannical the socialist becomes, and long for the glory days of the Republic. The Democrats are going loony tunes in response to Trump.

[Taksan]

Originally Posted by Tulemutt

Heh. Meaning you just pointed out how silly these arrogant “investors” are. They ridicule the Section 8er’s for not applying themselves to their situations in life by analysis to find the best paths forward .. but truth is as you said: landlords can exercise analysis to create a winning strategy instead of just demonizing and whining.

Yes you can create a successful strategy to deliberately target low income housing for investment purposes. But it’s a niche that I wouldn’t recommend the average residential landlord be involved in as it requires the ability to have higher levels of hands on management and employees at ground level and it does have higher levels of risk ( but also much higher levels of return ). It’s been my position that the increase in returns is actually over compensating for the increase in risk which is given the correct management policies is in my experience only moderately higher then a normal middle of the road apartment complex.

However I don’t think many of you people would like the management policies that enable this kind of investment to succeed and would apply the degrogatory term “slum lord” to many of the successful landlords operating in this market.

You can successfully and profitably target S8 but only if you have the ability to actually manage it correctly and mitigate the risk and this requires both expertise and scale that regular apartment complex investors lack.

[Veritas Vincit]

We can also consider it a given that no-one wants to live around the Section 8 crowd, not even the young millennial “progressives” who vote for the politicians who advance such policies. I mean you dont see them come on C-D asking “hey wheres the welfare crowd at?”. If you see Section 8 mentioned it’s usually in the context of people asking the rather desperate question of “where can i find Section 8 housing but without all the typical symptoms accompanying the presence of Section 8 housing?” Not even the Section 8 crowd wants to be near the Section 8 crowd.

The Democratic response to this is as per usual to try to bend the will of the majority to suit the perceived needs of the minority. After all you cant reason with the tweakers and hoodlums, but the average working man or small business is more likely to conform and fall in line. The safer they feel politically the more brazen they will get in this. In California they are feeling very safe now and so the policies are getting more radical all the time.

Always consider that when you talk about a CA housing crisis..you may think of the growing problem for people on lower to middle incomes in locating decent housing in the state, they are trying to figure out how to secure a nice life in CA for the drifters, bangers and junkies out there. After all we cant hold their lifestyle against them or ever hope to change them..you just need to get a roof over their heads and let those around them deal with the fallout. If you cant find housing on your 40k salary that isnt in a warzone pfft move to Arizona you peasant.

[veritased]

Originally Posted by veritas vincit

we can also consider it a given that no-one wants to live around the section 8 crowd, not even the young millennial “progressives” who vote for the politicians who advance such policies. I mean you dont see them come on c-d asking “hey wheres the welfare crowd at?”. If you see section 8 mentioned it’s usually in the context of people asking the rather desperate question of “where can i find section 8 housing but without all the typical symptoms accompanying the presence of section 8 housing?” not even the section 8 crowd wants to be near the section 8 crowd.

The democratic response to this is as per usual to try to bend the will of the majority to suit the perceived needs of the minority. After all you cant reason with the tweakers and hoodlums, but the average working man or small business is more likely to conform and fall in line. The safer they feel politically the more brazen they will get in this. In california they are feeling very safe now and so the policies are getting more radical all the time.

Always consider that when you talk about a ca housing crisis..you may think of the growing problem for people on lower to middle incomes in locating decent housing in the state, they are trying to figure out how to secure a nice life in ca for the drifters, bangers and junkies out there. After all we cant hold their lifestyle against them or ever hope to change them..you just need to get a roof over their heads and let those around them deal with the fallout. If you cant find housing on your 40k salary that isnt in a warzone pfft move to arizona you peasant.

^^^ this ^^^

[jetgraphics]

Originally Posted by veritased

Actually just the owners... they claim to be the friend of the workers, our AOC and Bernie socialists do... bu then they come to realize, only when it's too late, how tyrannical the socialist becomes, and long for the glory days of the Republic. The Democrats are going loony tunes in response to Trump.

Think, my good man, think.
Taxing labor to provide 'entitlements' for labor only increased the cost to hire labor - and thus created MORE unemployment / under employment... and the need for MORE benefits... and higher taxes... which benefits the government most of all.