Updated 4 days ago on . Most recent reply
Pending changes to Section 8?
Matt MillerPoster
#5 Starting Out Contributor
#5 Starting Out Contributor
Looks like there could be pending restrictions to section 8 housing potentially limiting recipients to only 2 years. This was a rental strategy discussed on multiple podcasts and was being pushed hard by real estate influencers. Do you think this change could reduce the demand for section 8 housing? Would it still be wise to invest in lower priced houses prime for this residency as the need for low cost housing will still be present after the subsidy ends?
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Jay Hinrichs
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Jay Hinrichs
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I have been waiting for someone to comment on this potential change. from my experience in section 8 and I owned hundreds of these SFRs in multiple states.. you take a lifelong section 8 welfare recipient and all of a sudden their voucher is gone.. your going to have a no pay and an eviction most all of the time not to mention a beat up house. its going to be tough on a single mother of 5 kids who has never had to pay rent a day in her life to all of a sudden have to pay rent and get a job.. lets see how it all shakes out.. now these folks are nothing if not creative they may get someone to take their place and start the 2 year cycle going a new.. Like an oldest child.
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