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Updated about 16 years ago on . Most recent reply

Eddie Ziv's profile image
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Eddie Ziv
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  • from Mableton, Georgia
  • Member since May 25, 2009
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Eddie Ziv's profile image
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Eddie Ziv
  • Investor
  • from Mableton, Georgia
  • Member since May 25, 2009
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Eddie Ziv
  • Investor
  • Mableton, GA
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General Landlording & Rental Properties

HUD reduce section 8 rent!! 110% FMR to 90%

Eddie Ziv
  • Investor
  • Mableton, GA
Posted

I received a letter today from the Housing Authority that as part of the "Section 8 cost-saving measures" The rent payment will be reduced from 110% FMR (Fair Market Rent) to 90% of that. Does anyone else received this letter? What are the ramifications?

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Michael Rossi
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  • from Ohio
  • Member since Jan 4, 2008
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Michael Rossi
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  • from Ohio
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Michael Rossi
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  • Ohio
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Michael Rossi
  • Real Estate Investor
  • Ohio
Replied

As my hero The Reverand Wright likes to say: The Chickens Have Come Home to Roost!

All that socialism has a price and I guess The Chosen One has chosen Eddie Ziv to pay the bill! LOL!

Mike

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