Skip to comments.President Shifts Focus To Renting, Not Owning Home
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. Bushs 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 ...
GTH out of the housing market, period. No more. It’s caused enough problems as it is.
I pay for my housing, let them.
Oh goody. More ‘projects’.
Creating Ghetto Serf Slums.
Instead of more apartments, how about creating more jobs and helping builders build a home more affordably?
this is better than encouraging ppl to buy house they couldn’t afford and going into debt to do it
...not everybody should have a home because they’re not willing to keep it up....they run down the neighborhood.
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.
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.
Wahoo, return of The Projects; D-Y-N-O-M-I-T-E!!
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.
An obvious move since the bulk of the Democrat “base” considers the government to be “the landlort” anyway.
>>> this is better than encouraging ppl to buy house they couldnt 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.
Didn’t I bring this up about 7 months ago?
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.
everyone according to their needs ...???
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.
These are going to be put into currently middle class areas and will turn them into war zones.
“...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.
exactly its acting stupidly economically...but obama doesnt care he just wants control and more serfs beholding to the govt...socialism...
“By damn, we’ll get these fools more dependent upon us somehow!”
Don’t forget gold teeth!
Zer0 wants to turn all of America into Chicago’s Cabrini Greens.
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.
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.
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.
Obama, the slumlord-in-chief!
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.
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.
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).
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.
you are on the wrong forum, the DU is the communist, left wing, let them eat cake forum.
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?
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."
Sounds like the Obamabots and Acorn squatters discovered property taxes.
Sheesh. It’s LBJ.
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.
Please report back to us after the house next to yours is converted to Section 8 housing.
Goal: Destroy white suburbs. Leave no place left for people to flee to.