Will the government shutdown affect Section 8 rent payments?

[haele]

9. Depending on whether or not they're trying to sell in a rapidly declining market.

Some of them - especially the smaller rental property owners, have just found out some of the rental property tax breaks went away with last year's "Tax Overhaul" - the only owners who have kept their breaks tend to be larger lot owners and LLC owners.

My son-in-law's grandparents are owners like that - they've accepted a few tenants out of the 35 or so condo units they own under a couple different subsidized housing programs, but after talking to their financial advisor doing the end of the year books, they've just decided to unload all the properties and cash out because they're now looking at losing money - between the second/third mortgages they put on those properties and the loss of some significant federal tax deductions this year.

They need full price to get out of the business with enough to set up a decent retirement plan - which means getting rid of any subsidized tenants (including military under BAQ/VHA) to make their units look more attractive to other investment LLC's after a good clean-up and quick refurb. in those units to turn them into "Luxury Condo Apartments".

Haele