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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 12:46 pm to Stexas
Posted on 3/11/24 at 12:46 pm to Stexas
quote:
Nah, if subsidies and entitlements were taken away the market wouldn’t be as attractive to corporations. It’s artificially inflated prices and has kept prices increasing more rapidly than without interference
Are you making the argument that Section 8 housing is so lucrative and desirable as a landlord that corporations are jumping at the chance to be a part of it? I work with several property management companies that manage my properties and none of them hold that opinion at all. Boise just recently changed some city ordinances that made it easier for section 8 tenants to get access to properties as tenants and all of the property management companies were fighting it.
2
Posted on 3/11/24 at 12:54 pm to Motownsix
quote:
Are you making the argument that Section 8 housing is so lucrative and desirable as a landlord that corporations are jumping at the chance to be a part of it? I work with several property management companies that manage my properties and none of them hold that opinion at all. Boise just recently changed some city ordinances that made it easier for section 8 tenants to get access to properties as tenants and all of the property management companies were fighting it.
Yeah this doesn't make sense and is just a partisan way to blame Democrats while promoting Democrat-type policies.
This is just a function of the security that housing provides. Investment firms are just trying to translate that security and demand into dollars. 2003-2008 they were focusing on the mortgages, but now they're focusing on the ownership value. Same base concepts, though.
Posted on 3/11/24 at 2:58 pm to Motownsix
Not at all. Mortgage subsidies, like first time home buyer grants, or super low qualifications to get mortgages etc. I don't believe section 8 helps anyone except slum lords.
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