U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 02-01-2012, 09:05 PM
 
4,348 posts, read 2,253,462 times
Reputation: 1402
Default Feds want to help turn foreclosed properties into rentals

The first phase is in Chicago but we have a hell of a lot of foreclosures so this program will be big in California.

Feds want to help turn foreclosed properties into rentals

"REO Initiative looking for those willing to pre-qualify their eligibility for the pilot phase"
Reply With Quote Quick reply to this message

 
Old 02-01-2012, 09:53 PM
 
11,728 posts, read 23,683,519 times
Reputation: 7093
So what's stopping investors from buying up these distressed properties and renting them out already? Why do we need another government program? Oh wait, its an election year.
Reply With Quote Quick reply to this message
 
Old 02-01-2012, 10:18 PM
 
4,348 posts, read 2,253,462 times
Reputation: 1402
Quote:
Originally Posted by EscapeCalifornia View Post
So what's stopping investors from buying up these distressed properties and renting them out already? Why do we need another government program? Oh wait, its an election year.
Buying homes and renting them to section 8 people is a bad investment and not what the government wants. The government wants to control housing.
Reply With Quote Quick reply to this message
 
Old 02-01-2012, 10:22 PM
 
1,352 posts, read 1,299,191 times
Reputation: 1114
Is the government interested in becoming the landlord or just selling these properties to investors?

The former would be disastrous.
Reply With Quote Quick reply to this message
 
Old 02-01-2012, 10:24 PM
 
4,348 posts, read 2,253,462 times
Reputation: 1402
Quote:
Originally Posted by sacramento916 View Post
Is the government interested in becoming the landlord or just selling these properties to investors?

The former would be disastrous.
The government wants to become the landlord.
Reply With Quote Quick reply to this message
 
Old 02-01-2012, 10:25 PM
 
Location: United State of Texas
1,709 posts, read 2,287,494 times
Reputation: 1991
Yet another welfare program. YAY.

We'd be better off bulldozing these homes.
Reply With Quote Quick reply to this message
 
Old 02-01-2012, 10:25 PM
 
6,313 posts, read 3,281,815 times
Reputation: 3480
Quote:
Originally Posted by Don9 View Post
The first phase is in Chicago but we have a hell of a lot of foreclosures so this program will be big in California.

Feds want to help turn foreclosed properties into rentals

"REO Initiative looking for those willing to pre-qualify their eligibility for the pilot phase"
Another light bulb of brilliance from DC.
Reply With Quote Quick reply to this message
 
Old 02-01-2012, 10:26 PM
 
4,348 posts, read 2,253,462 times
Reputation: 1402
Quote:
Originally Posted by Zembonez View Post
Yet another welfare program. YAY.

We'd be better off bulldozing these homes.
They will be bulldozing homes in the rural areas.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California

All times are GMT -6. The time now is 11:56 AM.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top