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re: Dozens evicted from low-income units at American Can complex
Posted on 12/20/16 at 7:00 pm to LSURussian
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.
1
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)
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