Low Income Housing Rents Good or Bad?

[Masa Don]

There are screaming deals right now that I really want to pick up, I’ll give you an example duplex for 94 could probably pick it up for 85 or less, rent currently each unit for $700 probably only need to put 10K on the high end to fix it and rent it.

SCREAMING DEAL!!!! Right? Here is the issue these and many more deals are in tough areas, the “dollar store part time jobber†areas. I don’t know about this economy, I am preparing for 16% unemployment, will these low income housing areas be hit or are these type of folks that are going to be able to jump form job to job regardless and maintain their bills?

So I guess the question is . . . Given a terrible case of 16% unemployment what is your opinion of the market for the low income housing rents being collected?