Semi-private/Section 8 Subsidies
Pros
Rent controlled I GUESS
Cons
PEST (rodents AND roaches!) Everything in these buildings are old, cheap materials. Some rooms have poor quality, no insulations in the walls (1/3 rooms have little insulation for keeping room temperature) Filthy hallways Random strangers coming in and out of buildings Landlords want to KNOW EVERYTHING IN BANK STATEMENTS/BANK ACCOUNTS. I’m sure this is illegal somehow but having a landlord CONSTANTLY MONITORING YOUR MONEY MAKES IT VERY HARD FOR ANYONE TO SAVE AND MOVE OUT.
Advice to the owners
Literally tare down these buildings and remodels renovate them. You take way too much of low-income families money, monitoring their EVERY FINANCIAL MOVE to NOT make changes to these disgusting, pest filled, “homes” you call apartments
Don’t do it to yourself
Pros
Better than being homeless I guess
Cons
They will be deep in your business. They want to know ever single penny you got so they can raise the rent. Even without bank statements they find out if you have a bank account and can see your deposits.
Advice to the owners
Get new management
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