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Updated almost 17 years ago on . Most recent reply
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Section 8
What are some opinions on going Section 8 - Good - Bad or Indifferent?
Most Popular Reply
Originally posted by "Beachbum":
As a Taxpayer, I am offended by the abuse these programs encourage. I have had countless subsidized tenants that were absolutely employable, but choose to take advantage of the system instead. Certainly, there ARE people legitimately in need of these programs, but they should not be allowed to participate forever with NO accountability.
True story. I bought a (2 family) house near Boston. One tenant was on Sec.8. The rent was $800 for a $1200 apartment. The tenant was responsible for only $300 of the $800 a month rent. After this tenant was evicted from my house (her lease ended and she refused to move out)...the tenant bought a $580,000 three family just outside Boston. This is fact. One of my co-workers at Remax was the tenant's agent. The tenant milked the system and was able to buy a nearly 600k house!