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Started By
Message
re: Dozens evicted from low-income units at American Can complex
Posted on 12/20/16 at 6:59 pm to Jake88
Posted on 12/20/16 at 6:59 pm to Jake88
quote:
Also, didn't the subsidized renters realize this was coming?
The article didn't make that clear. I'm not sure if they knew there was an expiration date on the price of their rent, especially after living their for several years.
1
Posted on 12/20/16 at 7:00 pm to LSURussian
quote:
The market controls the rent.
Eh, not sure about that. The sheer amount of Section 8 housing drives prices up to where working people can't afford to live in NOLA. Plus there's the exorbitant property taxes, which have to be passed on to the tenant for the landlord to make a profit. Both are government interventions.
If Section 8 had never been invented, landlords would have to lower the rent to reflect local the income levels.
Posted on 12/20/16 at 7:00 pm to 4cubbies
Are you telling me that guy and his girlfriend can't bring in more income than the $700 per month he gets in disability?
Ridiculous. They need this fire lit under their asses.
ETA: Downvoter, tell me why they can't earn more in income?
Ridiculous. They need this fire lit under their asses.
ETA: Downvoter, tell me why they can't earn more in income?
This post was edited on 12/20/16 at 7:15 pm
Posted on 12/20/16 at 7:01 pm to RockyMtnTigerWDE
quote:
Your vote was cast and your name will always show you voted for that man.
What makes you think I voted for him? Serious question.
Please link a post where I've supported him or his policies.
Posted on 12/20/16 at 7:01 pm to cajunangelle
quote:
Sad to do this around Christmas.
just a matter of timing
it's when the lease is up
they have to give certain notice
if they did this prior to that deadline, they'd have to deal with protests and shite
Posted on 12/20/16 at 7:02 pm to Bestbank Tiger
quote:
If Section 8 had never been invented, landlords would have to lower the rent to reflect local the income levels.
i agree fully
but
it's still the market. it's just a warped market due to governmental interference making property more expensive for the working class (from top to bottom)
Posted on 12/20/16 at 7:03 pm to cajunangelle
quote:
Sad to do this around Christmas.
Pipe down left wing hippie.
Posted on 12/20/16 at 7:04 pm to 4cubbies
quote:
I have friends who live in that building. Super nice and definitely trendy. A 570 square foot apartment costs $1050. It's kinda cruel that this is happening right around the holidays. I'm interested to hear the poli board's thoughts.
My Thoughts are that apparently the developer held up their end of the bargain.
I also doubt they just announced last week
This post was edited on 12/20/16 at 7:06 pm
Posted on 12/20/16 at 7:09 pm to 4cubbies
quote:That's sad that you actually believe this.
Stealing tax payer money. $29 mm.
To encourage private investors to put money into a run down eyesore of a property, the owners were allowed to issue tax free bonds to finance the redevelopment of the property.
Those bonds were bought by other investors. The $29 million did not come from taxpayers.
In exchange for the bonds being tax free to the buyers of the bonds, the owners had to commit to provide low income housing in part of the property for 15 years.
Where in that transaction was taxpayer money stolen?
This post was edited on 12/20/16 at 7:11 pm
Posted on 12/20/16 at 7:10 pm to LSU5508
Better to do it now before they blow all their security deposit for the next place on unnecesssry Christmas gifts.
This post was edited on 12/20/16 at 7:13 pm
Posted on 12/20/16 at 7:12 pm to LSURussian
quote:
That's sad that you actually believe this.
I'm using SFP's logic. If tenants who pay an agreed upon price of rent are stealing, American Can must have been stealing too.
Posted on 12/20/16 at 7:12 pm to LSURussian
quote:
Stealing tax payer money. $29 mm.
That's sad that you actually believe this.
It's also strange.
The article specifically says they took it in return for the 15 year deal and they held up their end. Very odd definition of stealing.
And yeah. They were bonds. Sort of important detail
Posted on 12/20/16 at 7:14 pm to ShortyRob
In any case.
I'm really not sure what the issue here is.
Company built apartments. Provided some of them at lower than market rates as part of bond deal.
Held up their end of the deal. Deal has expired.
Where is the point of contention?
I'm really not sure what the issue here is.
Company built apartments. Provided some of them at lower than market rates as part of bond deal.
Held up their end of the deal. Deal has expired.
Where is the point of contention?
Posted on 12/20/16 at 7:17 pm to ShortyRob
quote:
Where is the point of contention?
If you don't see it, you don't see it.
Most people can acknowledge that the timing sucks, but not everyone has empathy.
Posted on 12/20/16 at 7:21 pm to 4cubbies
quote:I get that it sucks. But, lots of things in life suck.
If you don't see it, you don't see it.
Is the problem that it happened around Christmas? Is the hope that they'd extend to say, June? Is the hope that they never stop the lower rates?
I can empathize that it sucks but that's not a point of contention.
OK. It sucks. It is what it is.
Posted on 12/20/16 at 7:22 pm to 4cubbies
I work For the NSSA and know things about all the posters here.
Posted on 12/20/16 at 7:22 pm to 4cubbies
I have no sympathy for anything bad that happens to people on the government dole.
Unless they're truly disabled and unable to work
Unless they're truly disabled and unable to work
Posted on 12/20/16 at 7:23 pm to Seldom Seen
quote:
A person doesn't make Supplemental Security Income. Its given to them.
This is an excellent point and this should be stressed more often to these people.
This post was edited on 12/20/16 at 7:25 pm
Posted on 12/20/16 at 7:23 pm to RockyMtnTigerWDE
quote:
They couldn't improve their lives in 15 tears to get off subsidies and assistance?
Time to get to work it sounds like.
what i was thinking ...
Posted on 12/20/16 at 7:28 pm to ShortyRob
quote:
Where is the point of contention?
They issued tax free bonds. Taxes that could have been paid were not.
In exchange, the taxpayer got to foot the bill for other people's rent. Some of those people are bums.
So the taxpayer had a for profit company issuing bonds that were tax free. The taxpayer then had to pay the subsidy for bum's rent.
The taxpayer got screwed twice. You know another word for tax payer? Bill payer.
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