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President Shifts Focus To Renting, Not Owning Home
Boston Globe ^ | 8-16-09 | Joseph Williams

Posted on 08/16/2009 9:01:49 AM PDT by joinedafterattack

WASHINGTON - The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society’’ and instead plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.

The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.

(Excerpt) Read more at boston.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: 111th; agenda; bho44; bhohud; housing; hud; lping; obama; ownershipsociety; rentals; section8; slumlords; slums
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WASHINGTON - The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society’’ and instead plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.

The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.
1 posted on 08/16/2009 9:01:50 AM PDT by joinedafterattack
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To: joinedafterattack
Earlier.
2 posted on 08/16/2009 9:03:25 AM PDT by Steely Tom
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To: joinedafterattack

http://www.freerepublic.com/focus/f-news/2317244/posts


3 posted on 08/16/2009 9:04:45 AM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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To: joinedafterattack

GTH out of the housing market, period. No more. It’s caused enough problems as it is.

I pay for my housing, let them.


4 posted on 08/16/2009 9:04:51 AM PDT by A_Former_Democrat
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To: joinedafterattack
Will this be part of his Foreclosures for Squatters Plan?
5 posted on 08/16/2009 9:07:16 AM PDT by 444Flyer (FReepers and freedom lovers, we are in a gigantic TUG-OF-WAR for our nation and our Constitution.)
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To: joinedafterattack







6 posted on 08/16/2009 9:07:32 AM PDT by jimbo123
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To: joinedafterattack

Oh goody. More ‘projects’.


7 posted on 08/16/2009 9:08:09 AM PDT by sneakers (Where'd my tag line go?)
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To: jimbo123

8 posted on 08/16/2009 9:09:38 AM PDT by traumer
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To: joinedafterattack

Creating Ghetto Serf Slums.


9 posted on 08/16/2009 9:10:27 AM PDT by SandRat (Duty, Honor, Country! What else needs said?)
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Instead of more apartments, how about creating more jobs and helping builders build a home more affordably?


10 posted on 08/16/2009 9:10:44 AM PDT by NoRedTape
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To: jimbo123

this is better than encouraging ppl to buy house they couldn’t afford and going into debt to do it


11 posted on 08/16/2009 9:10:44 AM PDT by 4rcane
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To: joinedafterattack

...not everybody should have a home because they’re not willing to keep it up....they run down the neighborhood.


12 posted on 08/16/2009 9:11:03 AM PDT by STONEWALLS
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To: joinedafterattack
as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.

I knew THIS was coming.....

.....there goes every neighborhood, everywhere.

When people are "renting" government owned housing, they do not take care of it. The places are trashed within a year or two.

13 posted on 08/16/2009 9:11:08 AM PDT by SteamShovel (When hope trumps reality, there is no hope at all.)
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To: joinedafterattack
$4.25 billion of economic stimulus money

This is from the $800 billion "economic stimulus" slush fund granted to Zer0 by the U.S. Congress.

No further votes or bills required. An open checkbook for Zer0.

14 posted on 08/16/2009 9:11:49 AM PDT by angkor (The U.S. Congress is at war with America.)
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To: joinedafterattack

Wahoo, return of The Projects; D-Y-N-O-M-I-T-E!!


15 posted on 08/16/2009 9:11:50 AM PDT by ArchAngel1983 (Arch Angel- on guard)
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To: joinedafterattack

Freddie Mae/Mac finds you are underwater on their loan, they call it in...you can’t pay and have to foreclose....Obama turns it into “Government Housing” and low-rental units.

Somebody please tell me this hypothetical isn’t possible.


16 posted on 08/16/2009 9:12:27 AM PDT by 444Flyer (FReepers and freedom lovers, we are in a gigantic TUG-OF-WAR for our nation and our Constitution.)
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To: joinedafterattack

An obvious move since the bulk of the Democrat “base” considers the government to be “the landlort” anyway.


17 posted on 08/16/2009 9:13:35 AM PDT by Lancey Howard
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To: 4rcane

>>> this is better than encouraging ppl to buy house they couldn’t afford and going into debt to do it <<<<<

No it’s not.

It’s building $8.5 billion in new ghettos.

There has never, ever been a public housing project in America that has not become a ghetto.


18 posted on 08/16/2009 9:14:41 AM PDT by angkor (The U.S. Congress is at war with America.)
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To: Saoirise

Didn’t I bring this up about 7 months ago?


19 posted on 08/16/2009 9:15:09 AM PDT by 444Flyer (FReepers and freedom lovers, we are in a gigantic TUG-OF-WAR for our nation and our Constitution.)
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To: STONEWALLS
...not everybody should have a home...

The same can be said for going to college.....

.....The government throws a lot of money down a rathole sending a lot of people who should not be going to college...to college.

20 posted on 08/16/2009 9:16:06 AM PDT by SteamShovel (When hope trumps reality, there is no hope at all.)
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To: joinedafterattack

everyone according to their needs ...???


21 posted on 08/16/2009 9:16:31 AM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: joinedafterattack

Not bad all around except this economy is not generating a need for more building. We have an excess of rentals available right now in apt communities and house for rent. Flooding the market is going to lower occupancy rates in the existing supply. Not good for anyone.


22 posted on 08/16/2009 9:16:32 AM PDT by ilgipper
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To: 4rcane

These are going to be put into currently middle class areas and will turn them into war zones.


23 posted on 08/16/2009 9:19:15 AM PDT by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: SteamShovel

“...not everybody should have a home...
The same can be said for going to college.....”

...exactly!....not all cultures value education or home ownership....for instance, some cultures prefer $200 sneakers, gold chains or low riding vehicles.


24 posted on 08/16/2009 9:20:36 AM PDT by STONEWALLS
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To: ilgipper

exactly its acting stupidly economically...but obama doesnt care he just wants control and more serfs beholding to the govt...socialism...


25 posted on 08/16/2009 9:22:21 AM PDT by rolling_stone (no more bailouts, the taxpayers are out of money!)
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To: joinedafterattack

“By damn, we’ll get these fools more dependent upon us somehow!”


26 posted on 08/16/2009 9:26:12 AM PDT by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: STONEWALLS

Don’t forget gold teeth!


27 posted on 08/16/2009 9:27:00 AM PDT by SIDENET ("If that's your best, your best won't do." -Dee Snider)
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To: joinedafterattack

Zer0 wants to turn all of America into Chicago’s Cabrini Greens.


28 posted on 08/16/2009 9:28:13 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: joinedafterattack
At its peak, Cabrini-Green was home to 15,000 people,[1] living in mid- and high-rise apartment buildings. Over the years, gang violence and neglect created terrible conditions for the residents, and the name "Cabrini-Green" became synonymous with the problems associated with public housing in the United States. - - wekipedia...

Cabrini green was housing the Chicago Way - liberals in Chicago thought it was "THE ANSWER" - and as most liberal answers - it became a horror. The one Obama wants to bring the rest of us to... "Public Housing" a la Cabrini Green... And then - with all 'bama's banker friends owning the "nice" homes - we'll have our Communist Party elite hosing too. This is endlessly charming.

29 posted on 08/16/2009 9:28:47 AM PDT by GOPJ ("Fishy rumors posters" Check 'em out:http://www.freerepublic.com/focus/f-news/2311664/posts)
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To: NoRedTape
Instead of more apartments, how about creating more jobs and helping builders build a home more affordably?

That's a hell of a novel idea my friend!

Get the price down to 20K to 30K or maybe even less?
30 posted on 08/16/2009 9:32:14 AM PDT by TSgt (I long for Norman Rockwell's America.)
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To: joinedafterattack
There was another leader that went this route ...

He [Khrushchev] declared that all 250 million Soviet people should have their own separate (as opposed to communal) apartments. To achieve this goal in a short period of time, houses were built very quickly with cheap materials; zero attention, it seems, was directed to quality and aesthetics. These ugly five-story buildings - "Khrushchovkas", meaning "Khrushchev's home" in Soviet slang - are still standing in Baku today. Sometimes people call these houses "Khrushoba", a combination of the Russian "trushoba" (poor, dirty hole) and the surname Khrushchev.

31 posted on 08/16/2009 9:32:28 AM PDT by Centurion2000 (1st Amendment or the 2nd .... let them choose.)
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To: Steely Tom

This proposal is a federal version of rent control. We already have Section 8 housing in which private landlords receive subsidies to rent to low income individuals. Section 8 housing has many problems for landlords, tenants, and communities. Increased crime is a notable feature of Section 8 housing. If your neighborhood experiences unexpected new levels of crime, investigate the location of Section 8 housing.

This new proposed program just eliminates the private landlord so the government will be vastly increasing its local real estate holdings. I suspect government ownership will be worse than privately owned Section 8 housing. Besides the increased crime, lowered property values, and higher property taxes (federal government does not pay property taxes), this new approach will create an even stronger housing entitlement. If the housing has any desirable features, I expect tenants to establish defacto property rights, much like rent control in NYC. Tenants will never leave, claim other units through proxy ownership, and even lease their units at much higher rates.


32 posted on 08/16/2009 9:33:58 AM PDT by businessprofessor
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To: joinedafterattack

http://www.conservativeimage.com

33 posted on 08/16/2009 9:34:37 AM PDT by Iron Munro (America's awkward stage: too late to work within the system, too early to shoot the bastards)
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To: joinedafterattack

Obama, the slumlord-in-chief!


34 posted on 08/16/2009 9:34:42 AM PDT by dr_who
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To: joinedafterattack
The Obama administration plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.

Build 100,000 30-story pink apartment buildings across the plains of Texas and Kansas. Turn um into ghettos.

One mans floor is another mans ceiling.

Good Lord

35 posted on 08/16/2009 9:35:54 AM PDT by dragnet2
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To: joinedafterattack
If you get all the sheep into a corral YOU own, then you OWN and control the sheep.

It's leftist "group think".

In public housing it would be easier to "watch over" us;
it would be easier to "confiscate" guns;
it would be easy to declare no parking, and push us all to public transit...

Before you know it....BAM....we're Russia.
36 posted on 08/16/2009 9:40:13 AM PDT by FrankR (We are only enslaved to the extent of charity we receive....INCUMBENTS OUT!!!)
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To: jimbo123

37 posted on 08/16/2009 9:40:22 AM PDT by mylife (The roar of the masses could be farts)
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To: mylife

If you think the view is bad ... the smell is even worse. People let their cats and dogs out into those hallways to do their business and NO ONE cleans it up.


38 posted on 08/16/2009 9:42:08 AM PDT by Centurion2000 (1st Amendment or the 2nd .... let them choose.)
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To: mylife; Centurion2000

Well, I know that they at least sweep for the crack vials and needles in NYC, but the smell of urine is still there (per cops who patrol the two local projects in my area).


39 posted on 08/16/2009 9:43:28 AM PDT by Clemenza (Remember our Korean War Veterans)
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To: Centurion2000

Lovely


40 posted on 08/16/2009 9:43:56 AM PDT by mylife (The roar of the masses could be farts)
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To: joinedafterattack
Does this man in the White House ever have an idea that is good for the responsable people in America? Let him be the first to live in one of these properties, and "share the wealth." Let him rent out his home in Chicago first, making it into several apts. Just like his heros did during communistic seizures of private proberty.

Was this what the housing crisis caused by the Dems was all about? Make it so the taxpaying home owners lost their homes...and take the homes over, rent them at low cost to the nontaxpaying public. Quite a plan, if you ask me.

41 posted on 08/16/2009 9:45:06 AM PDT by CitizenM ("An excuse is worse than an lie, because an excuse is a lie hidden." Pope John Paul, II)
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To: STONEWALLS
..not everybody should have a home because they’re not willing to keep it up....they run down the neighborhood.

you are on the wrong forum, the DU is the communist, left wing, let them eat cake forum.

42 posted on 08/16/2009 9:50:37 AM PDT by calex59
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To: SteamShovel

Some previously nice suburbs have some “ghetto” sections due to the Section 8 housing being located there.

Yep maybe “there goes the neighborhood”. There are empty and foreclosed homes in nice suburbs. So we’re going to “renovate” detached suburban homes into multi-family housing? Or rent these homes at below market rates to Section 8 people?

Since Section 8 and public housing are already major programs, do we really need another major government intervention to provide more housing for poor people?

Why is this even being discussed now. What happened to health care as the issue of the day?


43 posted on 08/16/2009 9:53:14 AM PDT by Dilbert San Diego
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To: A_Former_Democrat; bamahead; dcwusmc; djsherin; Bokababe; calcowgirl; Impy; sickoflibs
GTH out of the housing market, period. No more. It’s caused enough problems as it is.

Exactly.

Actually, I would get the government out of a lot more than just housing.

With practically everything that the Federal Government touches--ranging from college tuition to housing to transportation--the Federal Government is notorious for destroying the quality and quantity of goods and services delivered and dramatically increasing costs and thus prices, relative to the "normal" pull and push of market forces like supply and demand. Simply put, to paraphrase Reagan, the nine worst words in the English language are almost always "I'm from the Government, and I'm here to help."

44 posted on 08/16/2009 9:54:00 AM PDT by rabscuttle385 (May God save the American Republic.)
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To: joinedafterattack

Sounds like the Obamabots and Acorn squatters discovered property taxes.


45 posted on 08/16/2009 9:54:22 AM PDT by tacticalogic ("Oh bother!" said Pooh, as he chambered his last round.)
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To: joinedafterattack

Sheesh. It’s LBJ.


46 posted on 08/16/2009 9:55:22 AM PDT by Luke21
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To: Centurion2000

It’s not only cats and dogs. Human beings have been known to urinate in these places too. The stench of the human waste is also strong in these places.


47 posted on 08/16/2009 9:55:58 AM PDT by Dilbert San Diego
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To: 4rcane

Please report back to us after the house next to yours is converted to Section 8 housing.


48 posted on 08/16/2009 9:56:26 AM PDT by ProtectOurFreedom
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To: SteamShovel

Goal: Destroy white suburbs. Leave no place left for people to flee to.


49 posted on 08/16/2009 9:57:28 AM PDT by ProtectOurFreedom
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To: joinedafterattack

More communism


50 posted on 08/16/2009 9:57:30 AM PDT by onedoug
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