#2453418 - 07/22/11 11:01 AM
Government Considers Ways to Rent Foreclosed Homes
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Jer
8 Point
Registered: 11/25/07
Posts: 2045
Loc: Old Hickory, TN
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http://online.wsj.com/article/SB10001424053111904233404576458300001332210.html
Being that I have two rentals I can imagine now that the government will pass new "renting" regs that makes it impossible to be a landlord and makes it where the government rentals win!
this just sucks!
_________________________
Laws that forbid the carrying of arms disarm only those who are neither inclined nor determined to commit crimes. Such laws make things worse for the assaulted and better for the assailants. - TJ
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#2453440 - 07/22/11 11:22 AM
Re: Government Considers Ways to Rent Foreclosed Homes
[Re: Jer]
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Stovepipe
18 Point
Registered: 09/21/07
Posts: 21673
Loc: N1549518,E738760
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George and Weezie will be moving into the house behind you, the one with the tall weeds all summer.
All of their expenses will be paid, they'll wave at you as you drive to work.
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Westside Dream Team
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#2453463 - 07/22/11 11:54 AM
Re: Government Considers Ways to Rent Foreclosed Homes
[Re: moondawg]
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rabbit hunter
12 Point
Registered: 03/04/10
Posts: 6279
Loc: Beech Bluff, TN
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The @#$%&* Obama administration is trying to ruin everything they possibly can..........
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GO VOLS
"THE GRILL MASTER"
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#2453468 - 07/22/11 12:00 PM
Re: Government Considers Ways to Rent Foreclosed Homes
[Re: rabbit hunter]
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jameseboy
8 Point
Registered: 10/02/03
Posts: 1601
Loc: Germantown, TN
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Section 8
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#2453504 - 07/22/11 12:26 PM
Re: Government Considers Ways to Rent Foreclosed Homes
[Re: jameseboy]
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Bottom Hunter
16 Point
Registered: 12/29/06
Posts: 15488
Loc: Hatchie Bottoms
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Obama didn't start welfare or public housing.....
Once the government set it in motion some 40 plus years ago, with basically no regulations or requirements, they opened up an unshutable box.....
The USA's desire to appear to be this generous savior of all will be it's downfall.....
_________________________
There are some people who always seem angry and continuously look for conflict.
Walk away; the battle they are fighting is not with you, but with themselves.
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#2453559 - 07/22/11 01:11 PM
Re: Government Considers Ways to Rent Foreclosed Homes
[Re: Bottom Hunter]
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fishboy1
14 Point
Registered: 01/13/03
Posts: 9709
Loc: Warren Co
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Interesting. It was my understanding that it was ILLEGAL for banks and the gubment to do that exact thing.
Not that the Socialist in chief cares about what our laws are....
Imagine how wonderful MORE gubment housing will be ! And not just in the innercity Ghettos.
You can have a little bit of Ghetto in your neighborhood too!
(end sarcasm )
Government run housing is one of the most complete and colossal failures of all time.
Taking that failed program and transplanting that property value killer across all neighborhoods would be like deliberately spreading cancer throughout a persons body.
Not only will turning foreclosed properties into government run slums NOT prop up property values in the long run, It wont work in the short run. In fact, it would probably bring the Real Estate market to a screeching halt and cause another 15-40% collapse in prices overnight!
Who in their right mind would pay retail prices for a home in an unknown neighborhood (of any price range) that MIGHT have several gubment ghetto properties in it?
Anybody who has spent 30 minutes discussing this idea with real estate investors, buyers, and land lords, would KNOW that it would be dropping a nuke on the struggling Real Estate Market.
SO... what are they REALLY doing? This is a blatant government take over of private property rights and an effort to socialize housing in America. Its another stealth bomb designed to further implode our economy. Just like the Community Reinvestment Act caused the bubble and implosion of the Real estate Market.
It SOUNDS good on the surface, but how would YOU like to have 15% of the houses in YOUR neighborhood turned into slum/government housing projects with professional tenants who cant pay rent and won't maintain the property?
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A gun in the hand is worth 2 cops on the phone. No one can name a single power the government has granted itself that hasn't been abused. Socialism is for losers http://amillerphotoevent.com
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#2453560 - 07/22/11 01:14 PM
Re: Government Considers Ways to Rent Foreclosed Homes
[Re: Bottom Hunter]
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iowavf
10 Point
Registered: 10/25/05
Posts: 2527
Loc: southwest iowa
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That will help the housing market, take a decent house and let someone trash it while the tax payers pay for their living and up keep! Next move will be cash for clunkers in the housing market.
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