So, will we see formerly nice neighborhoods “go ghetto” as we see the public assistance crowd move in?
Do these owners realize that public assistance types really tear up the places they live in? The rent income they get will not offset their repair costs, or their ongoing mortage costs, to keep the properties.
If you get undesirables in nice areas, then property values drop for everyone.
They’ll just collect the vouchers for as long as possible and then walk away from the mortgage.