The Conservative Cave

Current Events => Economics => Topic started by: cavegal on July 22, 2011, 01:36:51 PM

Title: Government Considers Ways to Rent Foreclosed Homes
Post by: cavegal on July 22, 2011, 01:36:51 PM

http://online.wsj.com/article/SB10001424053111904233404576458300001332210.html

Quote

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.

While the plans may not advance beyond the concept phase, they are under serious consideration by senior administration officials because rents are rising even as home prices in many hard-hit markets continue to fall due to high foreclosure levels.

Trimming the glut of unsold foreclosed homes on the market is "worth looking at," said Federal Reserve Chairman Ben Bernanke in testimony to Congress last week

They will never stop trying to take everything they can from private citizens. Pure socialism.

Title: Re: Government Considers Ways to Rent Foreclosed Homes
Post by: Chris_ on July 22, 2011, 01:39:39 PM

So now Barry wants to get into the rental business.

It's great to be king, I tell ya.

Title: Re: Government Considers Ways to Rent Foreclosed Homes
Post by: thundley4 on July 22, 2011, 06:57:50 PM

Sounds like a seizure of property that his buddy Hugo would be proud of.