tag:blogger.com,1999:blog-6557458849091969678.post919531258389380474..comments2023-06-15T09:13:45.467-04:00Comments on Liberty's Torch: Economic Recovery?Francis W. Porrettohttp://www.blogger.com/profile/05862584203772592282noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6557458849091969678.post-52846310675334296352013-01-28T11:16:36.437-05:002013-01-28T11:16:36.437-05:00YIH - They won't have any demolition costs, th...YIH - They won't have any demolition costs, the denizens themselves will see to that when the "Poo Fling Olympics" start.LFMayornoreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-51816984007885436302013-01-28T00:10:37.757-05:002013-01-28T00:10:37.757-05:00You must be nearby! Exact s/d description of wher...You must be nearby! Exact s/d description of where I live. Looking for new place in farmland, don't want these neighbors when the bennies run out.Starlady NW GAnoreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-32447787085445955042013-01-27T21:09:34.709-05:002013-01-27T21:09:34.709-05:00As you noted, wealthy investors are buying up SFHs...As you noted, wealthy investors are buying up SFHs/condos <i>en masse</i>. Because they want section 8. For them it's a 'win-win' the rent gets paid every month guaranteed and section 8 tenants seldom complain even if there are rather major problems with the unit. The tenants don't want the landlord/property manager showing up or coming in because they are either doing something in violation of the lease or just plain illegal (theft of utilities, too many people/people not on the lease in the unit, drugs, stolen property, ect.) so unless the problem is so severe that the place is barely/unlivable they won't complain (plus they are used to slipshod/no maintenance).<br />And yes, when the government teat finally dries up they will indeed be up the proverbial creek. They are essentially betting that the unit will be paid up to at least it's raw land value plus demolition costs by the time that happens so they can at least somewhat break even (or make some profit) before that time. Even if they don't they can file bankruptcy and/or abandon the property and wash their hands of the whole deal.YIHnoreply@blogger.com