3 ms·
I am a bit surprised to hear this, as I've always had section 8 applicants offer less than market rate. Owners only accept it because tenants often stay longer,
by Gunax 5y ago
I am a bit surprised to hear this, as I've always had section 8 applicants offer less than market rate. Owners only accept it because tenants often stay longer, and the rent is guaranteed (you're paid by the government directly, and the tenant reimburses the government their portion).
- beerandt 5y agoRight- and that was my experience with it as well, up until the last decade or so. The benefits you list are also true for markets that would "naturally" be priced lower than section 8 limits. The policies hud put in place to try and get nicer areas and more landlords to accept section 8, really just translated into being policies of willing to pay higher rent amounts. There's some circular reasoning going on, in that higher priced rentals must be nicer or in nicer areas. And the bigger apartment company players know how to game it, especially with new construction in cheaper areas of high rent zip codes.