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Started By
Message
re: Property values in NOLA/East fixing to PLUMMET...Sec 8 may be cut to 2 years
Posted on 8/20/25 at 12:35 pm to sidewalkside
Posted on 8/20/25 at 12:35 pm to sidewalkside
quote:
I'm talking about real estate value. you're talking about quality of life.
You have trouble reading?
quote:
In your experience, does section 8 housing generate more or less value to homes within the surrounding area?
0
Posted on 8/20/25 at 12:36 pm to Swagga
quote:
Maybe this will allow for more gentrification, that could be a positive I suppose.
This type of statement can get you banned from r/NewOrleans.
Posted on 8/20/25 at 12:36 pm to sidewalkside
quote:
Are you totally retarded or just half retarded?
I've asked 2 questions. Feel free to answer them.
Posted on 8/20/25 at 12:36 pm to BugAC
quote:
Payments from whom to what entity?
From fedgov to the landlord (whatever type of entity that may be)
Posted on 8/20/25 at 12:38 pm to SlowFlowPro
quote:
From fedgov to the landlord (whatever type of entity that may be)
And generally speaking, what is your guess of how much a section 8 landlord reinvests to the surrounding community?
I'm assuming you've seen section 8 housing before.
This post was edited on 8/20/25 at 12:39 pm
Posted on 8/20/25 at 12:38 pm to imjustafatkid
quote:
How would that reduce property values?
Have you ever seen an apartment after a Sec 8'r moves out? If one gets evicted, they destroy EVERYTHING in their path out the door - walls, plumbing, electrical, etc.
Posted on 8/20/25 at 12:42 pm to BugAC
quote:
And generally speaking, what is your guess of how much a section 8 landlord reinvests to the surrounding community?
I'm assuming you've seen section 8 housing before.
You're trying to be Socratic in order to avoid having a point be ripped up, and I'll explain to you the flaw in your logic. The tenants are the issue and they're not going anywhere (especially since this is a federal issue). They will still need housing and they certainly won't be moving into higher-end areas. This means the slummy Section 8 housing will still cater to the population, but with lower rents and cap rates.
Whatever investment the landlords do now will be less with less revenue, tighter margins, and lower property values.
Posted on 8/20/25 at 12:50 pm to brewhan davey
quote:
This type of statement can get you banned from r/NewOrleans.
jokes on them. I already am. 
Posted on 8/20/25 at 12:51 pm to SlowFlowPro
quote:
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.
OK sure. That would reduce property values temporarily. What could be the result of less desirable neighbors no longer being afford to live in those neighborhoods? Couldn't that cause an increase in people moving into those neighborhoods and revitalizing the properties?
Of course, they'll be accused of "gentrification," as has happened in some areas of Birmingham, but I predict that this will result in increased property values over time.
Posted on 8/20/25 at 12:53 pm to sidewalkside
Collis Temple Sr bout to be pissed.
Posted on 8/20/25 at 12:59 pm to sidewalkside
Reduce property values in shithole areas? Gentrification gonna eat.
Posted on 8/20/25 at 1:04 pm to imjustafatkid
quote:
How would that reduce property values?
Because a high percentage of homes in low income areas are rental properties that have section 8 tenants.
A 2 year cap on receiving section 8 means that there's going to be a lot less people in the program. Less section 8 tenants = less demand for rental units. Less demand for those rental units means that the landlords will have properties sitting vacant more often and will probably have to lower their rent to attract renters who don't qualify for section 8.
Basically the 2 year cap on section 8 is going to hit the pocketbooks of landlords who rent their properties through section 8. So in turn, the market value of those kinds of properties will drop because they're not as attractive of an investment anymore.
ETA: and according to a buddy who had a rental probably 15-20 years ago that he had leased to section 8 tenants, he said that he preferred section 8 tenants to non-section 8 tenants. First because he didn't have to put up with bullshite excuses from tenants who didn't have the rent money when it was due. He said the rent check from the government was never late. Second, he said that the section 8 tenants actually took pretty good care of the place because if they trashed the house, landlords can report it to the section 8 office and the tenant can get kicked out of the section 8 program.
This post was edited on 8/20/25 at 1:10 pm
Posted on 8/20/25 at 1:05 pm to sidewalkside
disabilities are about to skyrocket.
Posted on 8/20/25 at 1:06 pm to imjustafatkid
quote:
What could be the result of less desirable neighbors no longer being afford to live in those neighborhoods?
Where do you think they're going to go, exactly?
Posted on 8/20/25 at 1:11 pm to sidewalkside
So what does that have to do with property values? There is a waiting list, always. No landlord would be without a tenant...If anything these people would need to find a permanent place after 2 years.
Posted on 8/20/25 at 1:11 pm to SlowFlowPro
quote:
Where do you think they're going to go, exactly?
Move in with one of their 3 baby daddies.
Move in with other relatives.
Become roommates with someone else who lost their section 8 at the 2 year limit.
Posted on 8/20/25 at 1:21 pm to Tiger Prawn
quote:
A 2 year cap on receiving section 8 means that there's going to be a lot less people in the program.
That's not true, under the existing rules there are long waiting lists for those to get on the program. This won't cut down on demand as much as ramp up the turnover rate. This might cut down those that just sit on Section 8, but there will be others to fill in.
Posted on 8/20/25 at 1:27 pm to sidewalkside
quote:
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
Great, so the net effect of this will be even more than the current shocking amount of people who live on disability checks.
Posted on 8/20/25 at 1:32 pm to el Gaucho
Sounds good, should be temporary. Only bad thing would be if you lucked out with good tenants and they had to leave. Should make it 2 year even with disabled and elderly. Everyone is disabled these days and the elderly should have prepared better.
Posted on 8/20/25 at 1:47 pm to SlowFlowPro
quote:
Where do you think they're going to go, exactly?
That has no bearing on the issue. Gentrification happens all the time, the people move to other parts of the city, state, or other states in general.
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