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Originally posted by samhouston1886
reply to post by mayabong
Sure! export the terror over a larger area!
Go live in a section 8 area, I am sure you wont like it for too long.
Originally posted by samhouston1886
reply to post by Unity_99
That might work for the Japanese but have you been to downtown Miami lately?
This would take an iron fist to implement and several generations to become a working model.
"Property Value" is completely imaginary. A property is worth the materials and labor used to create it.
Those most concerned with property value are those looking to profit from home sales and/or those who wish to use their equity for loans.
Sorry,but I'd rather live in a world where everyone can have shelter, rather than one where people use shelter for profit. (Not counting hotels)
Home prices now, when compared to the devalued dollar are much more realistic than home prices pre-recession.
The less money spent for shelter, the more can be used for everything else. That alone will help the economy more than any bailout, tax cut, refund, or other financial trick.
Originally posted by someguy0083
I'm for more section 8 housing but I'm against them being in my neighborhood.
Why?
1) it lowers property value.
Look we can all argue if property value is real or not. But when there is a bunch of poor people living near to you, the selling price would decrease significantly.
2) people roaming around
Look I'm sure there's a bunch of nice people living section 8 housing but I've been around too many of them. When I was in college, I lived in a poorer apartment complex. Police came to the apartment once or twice per night. Why? I normally hear shouting, arguing, etc and sometime shooting. I rather not live near those people again.