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re: Why do we still have section 8 in this country?
Posted on 2/17/14 at 11:05 am to Zach
Posted on 2/17/14 at 11:05 am to Zach
quote:As I understand it, Section 8 housing is subsidized, based on the ability to pay.
As I understand it, Section 8 housing is free
The question I have, how is Section 8 housing determined. I think Section 8 is only applicable with renting and not with purchasing a home, but I am not 100% sure about that.
Secondly, can Section 8 charge a higher rent because of the subsidy? If I was in the business of buying homes and renting for a profit I would probably seek Section 8 applicants. Charge 20-30% more for the rent and let the government pay for it.
Posted on 2/17/14 at 11:08 am to dante
Here they tend to be new construction and the rents are significantly higher.
Posted on 2/17/14 at 11:31 am to dante
quote:see my post above
dante
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