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We purchased a section 8 4 unit rental property on the Hill. It took 5 months total to get all of the tenants out, because DC law can be manipulated easily by people who know how to massage it and/or it happened to be Winter.
The building was a crack/whore house, with a huge phone sex call center installed in one of the units (back in the day of 900 numbers and no internet). The guy who caused most of the issues was disabled. He unit was urine soaked through the floorboards. It was also rat infested. It is now worth $850,000. Honestly, I don't know if it was worth the psychic hell it took on us to do something like that again. |
Photos? |
I am sorry, but I do not believe your "tall", "cautionary" tale at all. I know of barely any local household with live-in help, so you will forgive me if I do not believe that you live in a town full of such households. DH, DC, and I live in a 7600+ sq. foot house valued at three to four times the average home in the 22101 zip code, and therefore pay three to four times more in property taxes than the average McLean homeowner. Our housekeeper's children come home to their mother, who works at our house after school tidying up and helping me with errands. You would not complain if a household paying a third of our property taxes sent their six children to the local schools. Since we only have one child, please do not complain if we also help our housekeeper send her children. I am glad that I have not confided in our neighbors and close friends (who know that we have a housekeeper, but not a live-in one). I am disheartened by the thinly-veiled discrimination on this thread. |
Definitely watch this video. The guy makes a great point. The renter was unable to come up with the $53 in rent each month bc she was struggling to pay the power bill, and other bills. Also, she didn't report major damage. I am guessing bc she wouldn't want to be kicked out during a renovation or found at fault. He also says he moved to evict but the govt stepped in and stopped it at least once. |
| OMG. Nightmarish. |
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I'm affiliated with a social service organization in VA. My experience with Section 8 clients is that their life situation is precarious. Yes, they are working poor living in an area with a high cost of living, but they quite literally live from paycheck to paycheck and one unexpected expense, one health issue causes a major catastrophe.
My organization provides relatively small emergency funds to clients (majority are section 8) to assist with groceries, utilities or medical bills. Yes, your rent will be paid on time, but perhaps utilities will not...or, your tenant will scrape together enough to pay rent and utilities, but then will not have any money left to fill the car with enough gas to get to her part time job and so will miss a few days of work until we get her some money. |
This is a risk you take with many tenants, Section 8 or not unfortunately. Most people are one medical bill, layoff, or unexpected circumstance away from being able to meet their rent or mortgage. The advantage with Section 8 is that the HUD portion of the rent is always guaranteed, on-time, direct deposit. Also, HUD in most cases pays above-mark rate for the units, so a landlord can make more than they would on the open market even with the risk they take. |
| Interesting thread on a market not usually addressed on this forum. |
The posters on DCUM generally care more about the $3 MM+ market than the Section 8 market. Not a judgment, just a fact. |
Wow! What an animal!!! |
It's not about number of bodies in a school, it's about who is going to that school. I'm sure everyone in McLean would be clutching their pearls if they showed up at their school in the fall to find that it was filled with kids of local household help. You can keep telling yourself that you're the good one, you're the bleeding heart. But you showed your true colors with your bragging. You're doing the little people a favor because you have a house 3x the size of anyone else. LOL. You are pathetic. |
Did I say the town was in DC? No. I said I am from a wealthy town like McLean. It's not in this area. It's 100% true. The schools are now a mess. |
I will have to look for those, they are somewhere! The stench is still a vivid memory. The phone unit weighed about 80 pounds. |
I know. I actually wanted to cry on the guy's behalf! |
Not PP. The PP you are responding to was calling the Latina bragger pathetic, not you. |