Now there's Section 8 for home ownership in Mass? - New England Patriots Forums

PatriotsReign · 11-08-2010, 08:57 AM

Seriously....WTF!!

People can now get section 8 to pay for their mortgages in Massachusetts. If this doesn't get Mass voters pissed off, then they have their heads in the sand.

Let's not begin using our federal or state tax dollars to fund home ownership for anyone. Either you can afford to buy a home or you can't.

Check out this link;

Massachusetts Section 8 Homeownership Program

Real World · 11-08-2010, 10:20 AM

I wish more people only knew how wastefull, and horrendously run the MHFA is.

BTW, how's this line work out for you.

Quote:

•If your total homeownership expenses are less than or equal to the payment standard in your community, you will pay 30% of your adjusted monthly income toward your expenses and Section 8 will pay the rest.

Drewski · 11-08-2010, 11:36 AM

Is this a new program here in MA? When did the opportunity to purchase a home become a taxpayer funded right? I must have missed the memo on that one.

All the issues which have come up since the housing/mortgage crisis may really cause of a paradigm shift in America. The system my parents and their parents worked within, and thus passed the ideals associated with that system to me focused around working hard, living within your means and hopefully at some point you will be financially secure enough to put down the 20% (what once was standard) to buy a home of your own. Nowadays its seems the system built around those ideals has gone out the window, where owning a home (aka the "American Dream") is now a right that every person; whether they can afford it or not, has bestowed on to them.

Hey you have bad credit, or don’t make enough to have a traditional mortgage? Take out a ARM and buy that house you always wanted, even though you prolly can’t afford it.

Hey, you can’t afford to buy a home? Let the taxpayers of MA pick up 70% of your Mortgage.

What the hell is going on here? I’m all for housing assistance to help a person/family rent their home. But to buy one????

Why am I busting my ass to save up the money for a down payment, so that the rent payment I'm making now turns into an equity building exercise for me rather than my landlord, when all along you can get a house, with more than two thirds of the cost being picked up by the taxpayer?

STFarmy · 11-08-2010, 11:46 AM

Quote:

Originally Posted by Drewski

Why am I busting my ass to save up the money for a down payment, so that the rent payment I'm making now turns into an equity building exercise for me rather than my landlord, when all along you can get a house, with more than two thirds of the cost being picked up by the taxpayer?

Saving is out in America, sir. Waiting for handouts and blaming rich folks is in. There's nothing America loves more currently than meaningless blame and debt.

PatriotsReign · 11-08-2010, 11:48 AM

Quote:

Originally Posted by Drewski

Is this a new program here in MA? When did the opportunity to purchase a home become a taxpayer funded right? I must have missed the memo on that one.

All the issues which have come up since the housing/mortgage crisis may really cause of a paradigm shift in America. The system my parents and their parents worked within, and thus passed the ideals associated with that system to me focused around working hard, living within your means and hopefully at some point you will be financially secure enough to put down the 20% (what once was standard) to buy a home of your own. Nowadays its seems the system built around those ideals has gone out the window, where owning a home (aka the "American Dream") is now a right that every person; whether they can afford it or not, has bestowed on to them.

Hey you have bad credit, or don’t make enough to have a traditional mortgage? Take out a ARM and buy that house you always wanted, even though you prolly can’t afford it.

Hey, you can’t afford to buy a home? Let the taxpayers of MA pick up 70% of your Mortgage.

What the hell is going on here? I’m all for housing assistance to help a person/family rent their home. But to buy one????

Why am I busting my ass to save up the money for a down payment, so that the rent payment I'm making now turns into an equity building exercise for me rather than my landlord, when all along you can get a house, with more than two thirds of the cost being picked up by the taxpayer?

I couldn't afford to buy a house in MA until this past May and I'm 51 years old! How do you think I feel about helping pay for people who don't deserve home ownership?

Hell, maybe I should try to find an easy, low-stress job so I can become a section 8 home owner?

Anyone have a clue who to call to stop this program?

PatriotsReign · 11-08-2010, 12:13 PM

Note: I called my MA state rep's office and they informed me that this is a federally funded program. The money is approved on a federal level.

The woman told me very few people get the section 8 home ownership vouchers. When I asked how many is "very few", she couldn't or wouldn't tell me.

Real World · 11-08-2010, 12:19 PM

Quote:

Originally Posted by PatriotsReign

Note: I called my MA state rep's office and they informed me that this is a federally funded program. The money is approved on a federal level.

The woman told me very few people get the section 8 home ownership vouchers. When I asked how many is "very few", she couldn't or wouldn't tell me.

The funds might come from HUD (the fed), but the program runs through the MHFA (the state). Either way it's taxpayer money. HUD is another agency the fed should soon revisit. It's an albatross.

Mrs.PatsFanInVa · 11-08-2010, 12:41 PM

Quote:

Originally Posted by Drewski

Is this a new program here in MA? When did the opportunity to purchase a home become a taxpayer funded right? I must have missed the memo on that one.

Funny. You must have missed the announcement from President Bush back in 2001 when the program started.

ExpectMore.gov: Homeownership Voucher

Mrs.PatsFanInVa · 11-08-2010, 12:44 PM

Quote:

Originally Posted by PatriotsReign

The woman told me very few people get the section 8 home ownership vouchers. When I asked how many is "very few", she couldn't or wouldn't tell me.

Can't find how many of the vouchers were given in Ma....but there have been 7 of them issued since 2007 in Norwalk. That would be what? About 2 per year?

With homeownership voucher program American dream becomes reality - Norwalk Citizen

Drewski · 11-08-2010, 12:51 PM

Quote:

Originally Posted by Mrs.PatsFanInVa

Funny. You must have missed the announcement from President Bush back in 2001 when the program started.

ExpectMore.gov: Homeownership Voucher

Perhaps, but depending at what point in 2001 I would have missed it since I didnt move back to the states until June 2001, not to mention saving for a house wasnt even on my radar my freshmen year of college; was more focused on re-acclimating to living in the US, figuring out how I was going to buy booze now that I lived in a country that was 21 to drink, you know the typical college-aged conundrums

Either way this is a horrible plan and another reason Bush sucked.