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Wonder what your thoughts are on the government taking the foreclosed properties off the market and renting them. Do you think this will flood the market with rentals and bring down the rates?
Of course I'd much rather see those homes go to homeowners, who are grateful to get an affordable home, and plan to stay there long term and love the house, and improve the neighborhood. But it's not at all uncommon for investors to snap up foreclosed homes, and turn them into rentals. So why not the government as the investor/owner? And maybe... they will let the renters buy the house at some point?
Well since you don't really own a home anyway, not sure it will make much difference. Everything is going to rentals it seems. The govt tendency is to make things more expensive, but they are in everything anyway.
More details should be disclosed to evaluate the effects.
I would also like to see the government and the banks approve some of these short sales to investors or home owners. The government is a disaster in my opinion. Why not let investors buy them and allow for some private interprise and let people make a living? We already have HUD.
Are these homes that the government has control over? Or will the government be seizing the property from the banks in order to rent it out? How exactly would this work?
Are these homes that the government has control over? Or will the government be seizing the property from the banks in order to rent it out? How exactly would this work?
I would hope it involves only the Freddie and Fannie homes they have control over, but the devil is in the details which they have not worked out. I would hope that private investors/home owners could buy these homes and make a living or a house. We will see what comes of it, if anything.
The apartment managers and those who rent homes won't be happy with that... already the house prices have crashed... now the government wants rent prices to crash... hehehe... the government is trying to salvage their CONTINUING loss without publicly admitting that they are idiots... only to come up with another idiotic plan... why do people elect idiots to run this country...
Just a reminder... Renting Forum is not the proper venue to discuss Politics.
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