--- steven meldahl <[EMAIL PROTECTED]> wrote:
Unfortunately, most of the landlords that take
section 8 have dated buildings with little or no
amenities. They charge more rent than the regular
landlord
SAM:
I'm sure that answering more service calls is a big
part of the price equation. But when I was the "mom"
of a mom/pop landlord operation, I heard another
reason why section 8 rents were higher. Don't know how
widespread, or anecdotal, it is.
Apparently section 8 pays for a portion of the
renter's rent. {Say it's 70 percent, for example.} We
knew two landlords who said they never received the
remaining 30% from the renters. So they artificially
jacked their rents up 30% so that when they received
their 70% and no more, they were actually receiving
100% of their rent.
Understandably, no one likes to lose money. But as a
result, housing funds were being drained that much
quicker and surrounding rents were skewing higher
because of this artificial inflation.
Housing vouchers were talked about at one time, but
some renters objected to them--they were being treated
as irresponsible children. I wonder if vouchers need
to be relooked at. They'd be guaranteed rent payment
AND guaranteed rent income.
Susan Maricle
Bruno, MN
formerly of Folwell
Who never realized the pitfalls of owning one rental
property unit until she played "Monopoly"
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