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I learned something new this last week: Section 8 housing is investment properties

Posted on 1/2/18 at 9:50 pm
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55838 posts
Posted on 1/2/18 at 9:50 pm
Let me state this another way: large corporations and investors BUY Section 8 housing units to MAKE A PROFIT. To say it again: our most vulnerable, the elderly, the disabled, those living in poverty, are LITERALLY making money for corporations by living in government housing. To be clear: these companies are making a PROFIT while these individuals and families are living in substandard, unhealthy conditions where they aren’t even able to control the thermostats, where they have to bathe in a 50* bathroom, where the lease states it is up to the tenant to pay for Fair Housing Act provisions.

TO SUM IT UP: SECTION 8 HOUSING MAKES BILLIONS OF DOLLARS FOR CORPORATIONS AND LEAVES OUR CITIZENS LIVING IN SQUALOR. Trickle down economics my entire arse.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61348 posts
Posted on 1/2/18 at 9:52 pm to
Obama did it.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 1/2/18 at 9:52 pm to
BREAKING: people exploit poor people that don't have any other choice!!!!!

Also, are you not familiar with dabigfella? Dude loved bragging about being a slumlord.
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124545 posts
Posted on 1/2/18 at 9:52 pm to
Well let’s kill 2 Birds with one stone and just Eliminate section 8.

Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 1/2/18 at 9:52 pm to
So investors are supposed to buy rental property to break even or lose money? Kibbles post that?
Posted by yellowfin
Coastal Bar
Member since May 2006
97708 posts
Posted on 1/2/18 at 9:53 pm to
Who did you think owned them?
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35407 posts
Posted on 1/2/18 at 9:53 pm to
I’m with you baw. No more Section 8.
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 1/2/18 at 9:53 pm to
Would you rather no one did it because it was not profitable and they all end up homeless? Because that’s what it sounds like.

Posted by Spankum
Miss-sippi
Member since Jan 2007
56102 posts
Posted on 1/2/18 at 9:53 pm to
so, you think landlords should not be allowed to make a profit on their investments?
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55838 posts
Posted on 1/2/18 at 9:54 pm to
quote:

So investors are supposed to buy rental property to break even or lose money?


I’m quite frankly sick of capitalism in general. The defense of “Well, why SHOULDN’T they make money off of this” or “These people should just be happy they have a roof over their head” while the residents have zero autonomy, authority, humanity, access, dignity, hope, accountability... very few know what it’s like to live your life that way. It’s sickening that there is even the ability for these people to be take advantage of like this.
Posted by KosmoCramer
Member since Dec 2007
76549 posts
Posted on 1/2/18 at 9:54 pm to
quote:

Let me state this another way: large corporations and investors BUY Section 8 housing units to MAKE A PROFIT. To say it again: our most vulnerable, the elderly, the disabled, those living in poverty, are LITERALLY making money for corporations by living in government housing. To be clear: these companies are making a PROFIT while these individuals and families are living in substandard, unhealthy conditions where they aren’t even able to control the thermostats, where they have to bathe in a 50* bathroom, where the lease states it is up to the tenant to pay for Fair Housing Act provisions.

TO SUM IT UP: SECTION 8 HOUSING MAKES BILLIONS OF DOLLARS FOR CORPORATIONS AND LEAVES OUR CITIZENS LIVING IN SQUALOR. Trickle down economics my entire arse.


It's essentially privatizing public housing.

The alternative would be much worse.
Posted by CamdenTiger
Member since Aug 2009
62493 posts
Posted on 1/2/18 at 9:54 pm to
Yep, pretty much kills towns and schools and hospitals, while enriching the slave masters...Has it killed your towns?
Posted by TH03
Mogadishu
Member since Dec 2008
171055 posts
Posted on 1/2/18 at 9:55 pm to
Yeah no shite. How are you just now learning this?
Posted by mule74
Watersound Beach
Member since Nov 2004
11309 posts
Posted on 1/2/18 at 9:55 pm to
Umm as a commercial insurance broker who places lots of large habitation schedules let me say ... duh.

I guess I've never thought about the fact that other people don't know this.

Section 8 money is the best money, because it's guaranteed and is deposited straight in the landlords bank account each month by Uncle Sam.
Posted by BamaFan89
T-Town
Member since Dec 2009
19297 posts
Posted on 1/2/18 at 9:55 pm to
BREAKING NEWS: Companies expect profits from their investments. Growing trend or passing fad?
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76521 posts
Posted on 1/2/18 at 9:55 pm to
Section 8 is the Worst government program in human history, with the possible exception of Vlad the Impaler’s tourism bureau.
Posted by Ash Williams
South of i-10
Member since May 2009
18153 posts
Posted on 1/2/18 at 9:55 pm to
There are millionaires that make a lot of money off of a small percentage of the country that are upper middle class and/or wealthy.

There are also millionaires that make a lot of money off of a large percentage of the country that are lower middle class and/or poor.

Are you really just discovering this?
Posted by OWLFAN86
The OT has made me richer
Member since Jun 2004
176134 posts
Posted on 1/2/18 at 9:56 pm to
it for tax credits, not profit and Trump is largely doing away with it,, now your 3o yr grandmother will have to pay rent instead of leasing a caddy
Posted by TH03
Mogadishu
Member since Dec 2008
171055 posts
Posted on 1/2/18 at 9:56 pm to
quote:

I’m quite frankly sick of capitalism in general. The defense of “Well, why SHOULDN’T they make money off of this” or “These people should just be happy they have a roof over their head” while the residents have zero autonomy, authority, humanity, access, dignity, hope, accountability... very few know what it’s like to live your life that way. It’s sickening that there is even the ability for these people to be take advantage of like this.


Eeesh man.
This post was edited on 1/2/18 at 9:57 pm
Posted by LSUTigerBait07
SD, Chicago, or New Orleans
Member since Sep 2007
2191 posts
Posted on 1/2/18 at 9:56 pm to
Hud is changing the section 8 inspection criteria this year to address some of the issues. Even with current hqs inspection criteria the unit you discrip would not pass inspection.

If not corrected the unit would be abated and the family would be required to move
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