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GreatLakesTiger24
loLSU fan
Member since May 2012
30501 posts
 Online 

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


tiggerthetooth
Houston Astros Fan
Big Momma's House
Member since Oct 2010
27962 posts
 Online 

re: I learned something new this last week: Section 8 housing is investment properties
Obama did it.


Mingo Was His NameO
LSU Fan
318
Member since Mar 2016
2458 posts

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


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501
fr33manator
LSU Fan
Baton Rouge
Member since Oct 2010
73491 posts

re: I learned something new this last week: Section 8 housing is investment properties
Well let’s kill 2 Birds with one stone and just Eliminate section 8.



jdeval1
LSU Fan
Member since Dec 2009
6693 posts
 Online 

re: I learned something new this last week: Section 8 housing is investment properties
So investors are supposed to buy rental property to break even or lose money? Kibbles post that?


yellowfin
Chicago Cubs Fan
Coastal Bar
Member since May 2006
88259 posts

re: I learned something new this last week: Section 8 housing is investment properties
Who did you think owned them?


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360
OysterPoBoy
LSU Fan
BR
Member since Jul 2013
8544 posts

re: I learned something new this last week: Section 8 housing is investment properties
I’m with you baw. No more Section 8.


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351
Retrograde
LSU Fan
TX
Member since Jul 2014
1671 posts

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



Spankum
LSU Fan
Miss-sippi
Member since Jan 2007
44786 posts

re: I learned something new this last week: Section 8 housing is investment properties
so, you think landlords should not be allowed to make a profit on their investments?


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200
GreatLakesTiger24
loLSU fan
Member since May 2012
30501 posts
 Online 

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


KosmoCramer
Ohio State Fan
Member since Dec 2007
58344 posts

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


It's essentially privatizing public housing.

The alternative would be much worse.


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321
CamdenTiger
Member since Aug 2009
37692 posts
 Online 

re: I learned something new this last week: Section 8 housing is investment properties
Yep, pretty much kills towns and schools and hospitals, while enriching the slave masters...Has it killed your towns?


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160
TH03
Iowa State Fan
Dallas
Member since Dec 2008
121567 posts

re: I learned something new this last week: Section 8 housing is investment properties
Yeah no shite. How are you just now learning this?


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200
mule74
LSU Fan
Houston, TX
Member since Nov 2004
7866 posts

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


BamaFan89
Alabama Fan
T-Town
Member since Dec 2009
18871 posts

re: I learned something new this last week: Section 8 housing is investment properties
BREAKING NEWS: Companies expect profits from their investments. Growing trend or passing fad?


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390
biglego
LSU Fan
Ask your mom where I been
Member since Nov 2007
44489 posts
 Online 

re: I learned something new this last week: Section 8 housing is investment properties
Section 8 is the Worst government program in human history, with the possible exception of Vlad the Impaler’s tourism bureau.


Ash Williams
LSU Fan
South of i-10
Member since May 2009
13542 posts

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


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120
OWLFAN86
Rice Fan
Member since Jun 2004
131611 posts

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


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272
TH03
Iowa State Fan
Dallas
Member since Dec 2008
121567 posts

re: I learned something new this last week: Section 8 housing is investment properties
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 at 9:57 pm


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100
LSUTigerBait07
Wofford Fan
SD, Chicago, or New Orleans
Member since Sep 2007
1300 posts

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