Re:Airbnb asks people to donate money to landlords, backlash...
by yardie on Wednesday July 15, 2020 @11:14AM
(#23846344)
This has been kept secret for years. Landlords that know what they are doing go after those section 8 contracts. Most people wouldn't be able to recognize a section 8 renter if they were standing right in front of them.
My old apartment, complete with modern amenities, had section 8 renters. It was targeted towards young professionals. But new construction made it 100% ADA-compliant. Which is perfect for wheelchair bound social security-disability check receivers. According to the property manager, "no problem with section, unlike you, they always pay rent on time!"
Re:Airbnb asks people to donate money to landlords, backlash...
by wow_no on Wednesday July 15, 2020 @11:28AM
(#23846637)
This this this. Most Section 8 renters are elderly or disabled, nothing like the stereotypes.
Section 8 is a fantastic program that deserves more credit for avoiding the issues that plague the Projects.
The government.
The section 8 landlords are enjoying some serious schadenfreude right now because even though they only cash small checks once a month they're the only ones still cashing checks at all.
Short term rentals have an effective monthly rent far in excess of the normal monthly rent for equivalent accommodations. With this payoff comes risk. The money source can dry up on you much faster. I have no more sympathy for people who went all in on AirBNB than I do for people who went all in on day trading.