The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (3730)	7/31/2002 10:08:44 AM
From: Tradelite	Read Replies (1) of 306849

<<As for homeowners getting off the dole. Not likely until something really drastic happens.>> Who is on the public dole--renters vs. homeowners--is an interesting point to debate, but not without some figures about how much it's costing we the taxpayers ALREADY to house lower-income people in subsidized rentals. Ever heard of Section 8? It's a HUD program which guarantees landlords receive timely rent payments from low-income tenants, much of which is paid directly to them by the government, while the tenant pays only a portion. Some real estate investors love Section 8 tenants, because of the government guarantee. Others don't like them, because of all the paperwork involved. But Section 8 thrives, and it's not the only housing-subsidy program operating at federal, state and local government levels which cost the taxpayers dearly.

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