Real Estate Agent · Port Huron, MI · Member since 2012 · 295 posts · 82 votes
With the high probability of govt debt reduction are you reducing your number of Section 8 tenants to hedge against the possible outcome that the Section 8 program may see a reduction in funding?
Investor · Milwaukee, WI · Member since 2014 · 811 posts · 420 votes
9y
If you think there is a high probability of federal government debt reduction I don't think you were looking too closely at the few specifics that the incoming president actually provided. I have no idea if federal funding for housing will go down or not, but I'm not sure how this relates to reducing the federal debt.
Investor · Milwaukee, WI · Member since 2014 · 811 posts · 420 votes
9y
If you think there is a high probability of federal government debt reduction I don't think you were looking too closely at the few specifics that the incoming president actually provided. I have no idea if federal funding for housing will go down or not, but I'm not sure how this relates to reducing the federal debt.
Investor · Appleton, WI · Member since 2012 · 1k+ posts · 464 votes
9y
it would not be nice at all to have a national debt reduction. That would mean that the federal government ran a budget surplus. That would not be sustainable. Mathematically the federal government must run a deficit at least equivalent to the trade deficit in order for the private sector to achieve sustainable growth. Visit pragcap dot com and read the recommended reading section to learn more.