students housings in Philadelphia vs section 8

[Eli M.]

my dear Philadelphia investors.

I have a question to all of you.  If we were to compare rentals for student housings in Philly vs section 8 tenants, what would you say are the pros and cons of each?

Thank you all in advance!!!!

[Troy Sheets]

Originally posted by @Max T.:

The reason Temple is building more and more student housing is because they are enrolling more and more students each year. I wouldn't buy the hype about an oversupply of housing just yet. If a big institution like TU is investing large sums of money in construction, there must be a good reason for it.

 Agreed, not saying there is an oversupply...yet. My point is that it's like musical chairs. At some point, the music is going to stop and someone is going to be left without a chair. Is that this year? 5 years from now? I have no idea but, at this stage of my investing career, I have to be very careful with each move I make. That's why going into what I personally feel is a hyper-inflated market is a risk I'm not willing to take.

While this is a bit off-topic, I also feel that higher ed is simply big business and the cost of college vs. the rewards (or lack thereof) will result in a correction in that industry one day. Lastly, it's still dangerous around there and I don't want to own anything in an area I personally wouldn't live in. Not sure how well you know the area but it's sketchy, even in the "better" areas, and I live in Brewerytown which is still plenty sketchy :)