Section 8 housing voucher distribution canceled after thousands waiting in line get out of control

[mbperrin]

12. We owned and operated a small remodeling and construction firm

full-time before I began teaching.

We did then, still do, and just finished one last month, take properties stripped to the studs and rebuild them and rent them at market.

Our last project: an 8 unit two story complex of one bedroom units. Purchase: $10,000. Cost to finish: $22,000 plus 200 hours of labor by me and my oldest son. 100% are rented out at $600 per month. Less than 5 years to cover all costs, and an ongoing profit margin of more than 20% per annum on gross sales.

I began working for my grandfather at age 16, and when he died at 86, he had a 2 year waiting list of people wanting him to get to their projects. Not too bad for a German immigrant who didn't speak a word of English when he came her at age 14 on his own, eh?

Sure, it's work. So is dealing with the corrosive effects, physical, mental and spiritual, of homeless people or those crowded up in awful inadequate and even dangerous housing.