But seriously, this would pencil out pretty nicely if this passes.
I think if I stopped working at my regular job, I can massage my passive income to just below $100k/year in order to meet the income requirement by taking on more operating cost (like buying more rentals that cashflow worse).
Then the government will give our family roughly $6000/month for just sitting on our ass. That’s like $172k/year for doing nothing. I have no debt, no loan, and now with reduced income, pay even lower taxes and qualify for other benefits. This might be the ticket to my even much earlier retirement. I think I can live on $172k/year especially when $73k/year is a government guarantee that gets paid for doing absolutely nothing.
And this would help out landlords because then everyone should be able to pay for rent. Section 8 no longer needed…
