- Pablo's Perspective
- Posts
- Section 8
Section 8
Getting canceled?
Words I like: The worlds 100 richest people hit their first million at an average age of 37. In 2024 the average millionaire in the US is 61 Years old. Don’t let social media fool you.
Pablo’s Perspective:
Wanted to give you a quick heads-up—Section 8 funding is taking a hit, and it’s going to impact a lot of people. HUD is facing budget cuts, which means fewer vouchers and new policy changes that could make things tougher for tenants and landlords.
In Massachusetts, they’re rolling out changes like:
No more security deposits covered by agencies
Earned income deductions being removed (meaning higher calculated rent)
Utility allowances for hot water & cooking—gone
Stricter grace periods on payment standards
On top of that, HUD is cutting staff in key departments, making it harder for people to access affordable housing and get support. This is going to shake things up.
So what does this mean for us? As investors, are we going to see multi-family prices drop, or is this just going to squeeze out the smaller mom-and-pop landlords?
**We currently have 1797 subscribers and we are growing everyday!
Let me know your thoughts on this!
Pablo