Rotting wood floor. Missing washer, dryer and refrigerator. Bullet hole in the window. You’d think this was some depressed neighborhood, right?
Nope. This was all in a $220K house in a good neighborhood. Then the housing bubble burst and changed things for a lot of people.
The housing market implosion isn’t just a reality, it’s an ongoing problem making other problems that compound other problems even now, years later.
This man had a nice house in mint condition, but needed a tenant to be able to be able to afford to keep it. He took on a Section 8 rental. The government covered $1000 a month. The renter had to pay $53. This was the aftermath.