In fact, Section 8 housing is a good bargain for real estate investors such as Donald Trump and Beto O’Rourke*’s father-in-law. They get guaranteed income, let the place go to pieces by refusing to perform basic maintenance, and then either file Chapter 11 or pay a fine and/or sell the property in the next real estate scam.
About a mile from my home there is a condo complex that was built as Section 8 housing. I don't recall any meth labs or frequent police raids. Some family friends lived in it for a time, so I know there was an onsite manager who arranged maintenance. As soon as their time commitment that was probably part of the financial arrangements for building the complex was up, they started moving out the Section 8 tenants, cleaning out (A/R) the apartments, and upgrading/modernizing. After that they sold the apartments as condos at whatever the market price was at the time.
While I'm sure DUpipo would condemn the conversion from Section 8 housing to condos, what this property management company did was quite different from
"let the place go to pieces by refusing to perform basic maintenance, and then filing Chapter 11" and the condos they sold were not a
"real estate scam".
What my signature line says about DUpipo is also true of Jackpineys: