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jmbar2

(4,927 posts)
7. I'm also seeing investors swooping in on Section 8 housing
Mon Apr 29, 2024, 10:35 AM
Apr 29

Investing groups are holding seminars on how to purchase beat down homes in depressed towns, fix them up, and then rent them to Section 8 tenants. They also help find the houses, and link folks up to funding. They boast of phenomenal profits thanks to generous funding from the government for Section 8 landlords.

Not sure if it's a good thing or not. It does provide decent, affordable housing to the most needy, and fills a need for S8 landlords. The boasting about profits makes me very uncomfortable.

Latest Discussions»General Discussion»Wall Street Has Spent Bil...»Reply #7