Obama to turn Uncle Sam into landlord?

[ringwise]

Originally Posted by Neuling

The way I see it, government has already been responsible for those homes in the past. So they have to choose whether to sell them off to people most of whom are wealthy anyway and just looking for one more bargain, speeding up gentrification in the process, or to try and keep people who are in financial trouble within their neighborhoods until they get back on their feet again. It's not that they get those homes for free, they have to pay a rent.

How exactly has the govt been responsible for those homes?

They can choose to sell it to someone that will keep up the property to protect their investment, use the income to stimulate the economy, and give their children a better life.

Or they can give it to folks with no respect for property, who have proven that they can't manage their finances, and can walk away after trashing the place because they have no skin in the game. They'd pay rent? Hardly - you and I will pay the rent.

STOP PUNISHING SUCCESS, AND STOP REWARDING FAILURE.

[Neuling]

Well, it says in the article that the government owns those homes, so they are responsible form them in my view. Else they would not be in the position to decide what to do with them.

Who says they can't manage their finances? One severe event such as becoming unemployed or suffering an accident can ruin anyone's solid plans.

Thrashing the place? Don't tenants have to pay a deposit of a couple of rents that they only get back if they leave the place in good condition?

If someone becomes the tenant in the home one has already lived in as an owner before, they will continue to feel at home there and treat the property as such.

[Pretzelogik]

Originally Posted by lifelongMOgal

Barney Frank suggested this nearly 6 months or more ago. It would seem that Obama is about to nationalize the rental market by becoming the nation's largest slum lord.

Can you even begin to imagine the cost and number of governement jobs (taxpayer funded) required for this undertaking? HUD is a disaster and the Obammunist just wants to keep piling it on.

News from The Associated Press (http://hosted.ap.org/dynamic/stories/U/US_GOVERNMENT_HOME_RENTALS?SITE=AP&SECTION=HOME&TE MPLATE=DEFAULT&CTIME=2011-08-10-13-18-31 - broken link)



Get them SOLD and let the free market determine the rental market. ENOUGH already!

Ahhhh we already have THAT one...its called Section 8 Housing.

[summers73]

Hungary says: been there, done that.

Dunaújváros - Wikipedia, the free encyclopedia

Russia says hi also.

http://en.wikipedia.org/wiki/Stalingrad