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re: Blackrock is buying every single-family house they can & paying 20-50% above asking price

Posted on 6/9/21 at 8:54 pm to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
135218 posts
Posted on 6/9/21 at 8:54 pm to
quote:

This seems like a bad trend.

The Obama administration was trying toward the end of their tenure to inject as much section 8 rentals into middle to upper class neighborhoods as possible. This is probably their way to get it done.
Posted by georgia
445
Member since Jan 2007
9116 posts
Posted on 6/10/21 at 10:31 am to
quote:

The Obama administration was trying toward the end of their tenure to inject as many section 8 rentals into the middle to upper-class neighborhoods as possible. This is probably their way to get it done.


if you have a minute go read about the Dubuque/Chicago section 8 fiasco from 2016. it's unbelievable the amount of government overreach that exists when it comes to subsidized housing.

https://bwi.forums.rivals.com/threads/hud-rewrites-the-map-makes-dubuque-iowa-part-of-chicago.81231/
Posted by idlewatcher
County Jail
Member since Jan 2012
79654 posts
Posted on 6/10/21 at 11:04 am to
quote:

The Obama administration was trying toward the end of their tenure to inject as much section 8 rentals into middle to upper class neighborhoods as possible. This is probably their way to get it done.


Literally dead center in Uptown Park

Those businesses would've all gone under had it happened.
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