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Started By
Message
Property values in NOLA/East fixing to PLUMMET...Sec 8 may be cut to 2 years
Posted on 8/20/25 at 12:11 pm
Posted on 8/20/25 at 12:11 pm
As of August 2025, there is a proposal (Still ONLY a proposal) that would impose a two-year time limit on Section 8 rental assistance for households that do not include a senior or a person with a disability. This means that households not falling into those categories would only receive assistance for two years before it would be phased out or they would become ineligible.
Currently, Section 8 allows families to receive assistance for as long as they are income-eligible and fulfill their tenant obligations, with no time limit imposed.
LINK
Currently, Section 8 allows families to receive assistance for as long as they are income-eligible and fulfill their tenant obligations, with no time limit imposed.
LINK
19
Posted on 8/20/25 at 12:13 pm to sidewalkside
How would that reduce property values?
This post was edited on 8/20/25 at 12:14 pm
Posted on 8/20/25 at 12:13 pm to sidewalkside
Uhh like every child of section 8 color is marked as intellectually disabled
The parents get a check and the school gets a check and everybody’s happy
The parents get a check and the school gets a check and everybody’s happy
Posted on 8/20/25 at 12:13 pm to sidewalkside
As a white liberal male. I understand what those blacks need more than anyone. We need to do our best to keep those people in Section 8 housing b/c of racism.
Posted on 8/20/25 at 12:14 pm to sidewalkside
Slumlords everywhere are revolting
Posted on 8/20/25 at 12:16 pm to sidewalkside
Where's the list of acceptable disabilities?
If missing a leg below the knee is on there, expect a lot of 'accidents' that require amputations.
If missing a leg below the knee is on there, expect a lot of 'accidents' that require amputations.
Posted on 8/20/25 at 12:17 pm to real turf fan
That's called diabetes.
Posted on 8/20/25 at 12:17 pm to sidewalkside
quote:
sidewalkside
Less section 8 isn't going to reduce property values.
Posted on 8/20/25 at 12:19 pm to imjustafatkid
quote:something something liquid assets-
How would that reduce property values?
Signed,
08
Posted on 8/20/25 at 12:22 pm to imjustafatkid
quote:In NOLA 1 in 4 renters is on Section 8. Investors (landlords) can't generate as much revenue (rent). Look for other places to invest money with better return...sell rental portfolios. More property for sale. Less ability to generate rental incomes. Less desire to buy housing (as an investment). All equals housing prices decline.
How would that reduce property values?
Posted on 8/20/25 at 12:26 pm to sidewalkside
The housing problem in New Orleans isn’t really related to section 8. The good areas in New Orleans are still going to be getting crazy prices. Maybe this will allow for more gentrification, that could be a positive I suppose.
Buyers don’t want to move to the East though whether it’s Section 8 or just a regular rental.
Buyers don’t want to move to the East though whether it’s Section 8 or just a regular rental.
Posted on 8/20/25 at 12:28 pm to sidewalkside
quote:
person with a disability
Those that scheme the system can easily manufacture a disability. The term “disability” really needs to be re-defined or at least walked back to what it meant 20 yrs ago.
Posted on 8/20/25 at 12:30 pm to sidewalkside
So there is hope for Tigerland?
Posted on 8/20/25 at 12:30 pm to imjustafatkid
quote:
How would that reduce property values?
You serious?
This is going to remove the payments from circulation.
That is going to make rents decrease
Rents decreasing will be directly reflected in the underlying value of the property.
Posted on 8/20/25 at 12:31 pm to sidewalkside
quote:
In NOLA 1 in 4 renters is on Section 8. Investors (landlords) can't generate as much revenue (rent). Look for other places to invest money with better return...sell rental portfolios. More property for sale. Less ability to generate rental incomes. Less desire to buy housing (as an investment).
In your experience, does section 8 housing generate more or less value to homes within the surrounding area?
Posted on 8/20/25 at 12:31 pm to Swagga
quote:Wider housing decline will inevitably result in decline across the board regardless if you are in a good or bad hood.
The housing problem in New Orleans isn’t really related to section 8. The good areas in New Orleans are still going to be getting crazy prices. Maybe this will allow for more gentrification, that could be a positive I suppose.
Buyers don’t want to move to the East though whether it’s Section 8 or just a regular rental.
Posted on 8/20/25 at 12:32 pm to SlowFlowPro
quote:
This is going to remove the payments from circulation.
Payments from whom to what entity?
Posted on 8/20/25 at 12:34 pm to BugAC
quote:I'm talking about real estate value. you're talking about quality of life.
In your experience, does section 8 housing generate more or less value to homes within the surrounding area?
Posted on 8/20/25 at 12:34 pm to sidewalkside
quote:
Wider housing decline will inevitably result in decline across the board regardless if you are in a good or bad hood.
"Oh honey look, this neighborhood is full of section 8 housing. We should look there to invest. After all, more section 8 housing is just going to raise all property values..."
You are trying to repair a window on the titanic.
Posted on 8/20/25 at 12:35 pm to BugAC
quote:Are you totally retarded or just half retarded?
Payments from whom to what entity?
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