Come on. It was the biggest recession since the Great Depression. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNivTjr852TI
Section 8 houses. Each has a 2 car garage. It's a very nice little subdivision that they're almost completed with. 16 houses I think. I might apply for one myself.
I seriously doubt that's section 8 housing. More likely it's part of the LIHTC program which was started in Reagan's years in his 1986 tax reform bill. Rents are likely comparable to section 8 so it's probably just semantics but I thought I would point it out anyway.
Thanks möbius. Whatever it is they are nice. My duckboat and 4 wheeler wôuld look good sitting in front of one. Everybody ive asked about them just say section 8.
It's a common misnomer. What I can tell you is they will be shithoused in 5 years. I know a guy who owns 550 or so of these types of houses and they fight it all the time. I was in there with him once when he was talking to a cabinet maker about what he wanted and he said that when the cabinet maker was done, he was going to go in and open a cabinet door and literally hang on it. If it broke off, he wasn't going to pay him.
I understand what you are saying, gyver. Too many people qualify for housing assistance. We all see it. Freeloaders need to be weeded out. The flip side of the story is twofold. Our economy requires a great number of low paid workers in the food service, agriculture, landscape, and housekeeping fields. Minimum wage workers must have a place to live. Lots of the old shotgun houses have been condemned and demolished. And any new apartments or houses are priced out of the salary range. The only solution so far has been to subsidize rent. The system needs improvement, but solutions are not apparent. The alternative failed badly and that was "the projects". They built great cheap buildings and filled them with indigents and watched them turn into crime palaces that exported crime into the surrounding neighborhoods. Now they are demolishing the project complexes and replacing them with section 8 rental assistance and the single family and duplex unit neighborhoods. It is better because they are getting private landlords into the loop instead of government properties. It is better because families can live more like families and crime is much lower. The unit houses are built to last but they are not palaces. These are the working poor and this encourages them to work because whey must pay a part of the rent or note. Most want to be successful and move out into the real economy someday. And if both parents are working they may just need parking for two cars in America.
We get fd calls to The apartments in friars point occasionally. Kinda funny story. The black lesbians would get mad at each other for cheating and try to burn the apartment up. Made us wanna show up with fire hoses and popcorn. The section 8 and HUD houses start out nice. Like y'all said, give them 5-6 yrs and they look like slums.
Honestly, as a landlord, I can state for the record . . . all renters are rough on property. I screen renters very carefully and I don't accept Section 8 renters even though I could get twice the rent. And renters are still hell on property they dont own, especially young renters. I learned the hard way. I have middle-aged, middle-class single women in each of my units right now and that is the ideal renter. They stick around for a long time, they pay on time, and they are easy on the houses. Except for the one with five dogs . . . when she moves out, I will have to repaint the entire interior. But you have to do it from time to time anyway and it's deductible.
Not really, you have to maintain a businesslike relationship with tenants or expose yourself to lawsuits. I do have a former college girlfriend renting from me, however. I didn't have to do a background check, we know each other pretty well.
