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Posted on 8/20/25 at 8:41 am to oklahogjr
quote:They can always emigrate to a more welcoming state - like China or NKorea - they have lots of room.
This should definitely fix the homelessness problem
Posted on 8/20/25 at 8:41 am to SlowFlowPro
quote:
This would probably also end up depressing housing costs in time, b/c this is free money fueling a lot of the RE market. Removing this will likely lower rents, de-valuing rental properties, and resetting the market on both axes.
Spot on
If this happens, along with more deportations, AirBNB dying, and rates never reaching 2020 lows anytime soon, the cries of not enough inventory will be no more.
The bad news for individual sellers is that hedge funds are willing to dump their properties at a loss to move them. That is already happening in some areas of Florida.
ETA:
In Louisiana alone, 22% of housing is owned by investors
This post was edited on 8/20/25 at 8:44 am
Posted on 8/20/25 at 8:43 am to stout
Put forward 2 years, negotiate it to 3 or 4 and call it a win.
Posted on 8/20/25 at 8:43 am to stout
quote:
The bad news for individual sellers is that hedge funds are willing to dump their properties at a loss to move them. T
I think this has been happening since 2024.
Posted on 8/20/25 at 8:43 am to RohanGonzales
quote:
How does paying for these breeders improve our species?
To hell with the species - they are only interested in the names for the ballot preparation effort.
Posted on 8/20/25 at 8:45 am to Breesus
quote:
A blue state wants generational section 8 housing? Fine. Codify it into your own tax code.
And let all the deadbeats move to the blue states where they can get their section 8 and living wage.
The smart bums better be prepping to move now before those blue state paradises start filling up.
Posted on 8/20/25 at 8:46 am to SlowFlowPro
quote:
I think this has been happening since 2024.
It has, but not on the scale we are going to see if the market keeps sliding, and as you said, this will accelerate the slide
I edited in a map above showing how many homes are owned by investors in each state.
Posted on 8/20/25 at 8:47 am to stout
Now go after slum lords that buy up many houses in good / decent neighborhoods and rent them out as section 8 and get government money for doing so on top of they cheap rent they get.
This ruins the neighborhoods and makes everyone else's house worth shite.
The only people who win are the slump lords and the first few people who sell their houses to the slum lord.
This ruins the neighborhoods and makes everyone else's house worth shite.
The only people who win are the slump lords and the first few people who sell their houses to the slum lord.
Posted on 8/20/25 at 8:48 am to llfshoals
quote:
Put forward 2 years, negotiate it to 3 or 4 months and call it a win.
fify
Posted on 8/20/25 at 8:48 am to Breesus
A new Section 8 complex here was opened 5 years ago. It now looks like it's 50 + yrs old & the whole area is full of trash & 2 abandoned cars.
Posted on 8/20/25 at 8:49 am to Snipe
quote:
Now go after slum lords that buy up many houses in good / decent neighborhoods and rent them out as section 8 and get government money for doing so on top of they cheap rent they get.
They did/do that because of Obama. Not only did you get grant money to move low-income housing into nice neighborhoods, but any new development had to have a portion dedicated to low-income housing. Thank Trump for killing it during his first term. Biden brought it back to some degree but then Trump 2.0 put the final nail in the coffin.
Posted on 8/20/25 at 8:50 am to Keltic Tiger
The future of Pacific Palisades.
Posted on 8/20/25 at 8:50 am to stout
quote:
Louisiana alone, 22% of housing is owned by investors
That’s nuts.
I believe you, but do you have a link?
Would like to read more.
Posted on 8/20/25 at 8:53 am to BamaCoaster
Without these houses to “fix” and get free cheese from the government, what are all the firemen going to do on their off days? There’s a lot of fat, corruption and abuse in the section 8 housing, and it’s not just the inhabitants.
Posted on 8/20/25 at 8:55 am to BamaCoaster
quote:
That’s nuts.
I believe you, but do you have a link?
Would like to read more.
Loading Twitter/X Embed...
If tweet fails to load, click here. Real estate investors are taking over the US housing market
quote:
Investor-owned homes now make up about 20% of the country’s 86 million single-family houses. But despite headlines about institutional investors dominating the market, most of those properties are actually held by smaller-scale landlords.
Posted on 8/20/25 at 9:00 am to stout
Do away with it altogether. It's just a way for democrats to nuke nice neighborhoods.
Posted on 8/20/25 at 9:02 am to jdavid1
quote:
This is one thing that always bothered me. Gov assistance should be a TEMPORARY solution to help people get back on their feet. Not a way of life passed on to generations
I completely agree. When I was little kid back in the 70's, my parents got divorced and we moved down to Bossier City to be close to my grandparents (mom's side). We were broke and lived in government housing, food stamps, free lunch and we bought our clothes at Goodwill. We did that for a while until my mom got back on her feet and then we were good, but she had a job the whole time, it just didn't pay much, she had no skills and wasn't college educated so she worked in the accounting department for the city as an aide, filed papers and took phone calls and such.
I have a soft heart for people who are down on their luck and need a helping hand for a short period of time till they can get back on their feet and don't mind helping at all, especially if they are trying, but the ones who do absolutely nothing for years need to be kicked off the books, there are plenty of jobs out there. Hell, move to California, there are plenty of farm jobs open now.
Posted on 8/20/25 at 9:02 am to stout
All I know is, federal laws and their impact are typically hard to see locally.
Welfare reforms is an immediate culture change that will show up overnight.
You want good areas to stop getting diluted? Shut down S8. You want nice safe grocery stores again? Limit EBT.
Welfare reforms is an immediate culture change that will show up overnight.
You want good areas to stop getting diluted? Shut down S8. You want nice safe grocery stores again? Limit EBT.
Posted on 8/20/25 at 9:05 am to blueboy
quote:ever wonder what happened to the cool old neighborhoods Shreveport, Monroe, BR, etc? The federal fkng government happened is what.
Do away with it altogether. It's just a way for democrats to nuke nice neighborhoods.
This post was edited on 8/20/25 at 9:06 am
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