this post was submitted on 24 Aug 2023
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Economics
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The incentive is that the building was built with a grant from the government to help initial building costs with the promise that it would be section 8 for X years, but section 8 doesn't get landlords rich, so they look for loopholes to get around it. One of them is keeping the building vacant for those years and then "renovating" to make more money off of the tenants that aren't section 8.