Remember the last time Obama got involved with rental properties?...
What this really means is the administration is attempting to circumvent existing law covering the sell of these units.
And this falls under which enumerated power in the Constitution?
They foreclose on a house and then rent back to you?
I say that THIS has been the plan since before the mortgage crash.
THIS was the plan when Fannie and Freddie were making all of those terrible loans they knew would not be repaid.
After all, it is just not fair that some people live in nicer neighborhoods than others and that some people will NEVER be able to own or even rent in certain neighborhoods.
You can be sure there will be NONE of these rental houses in the neighborhoods of ANY member of congress or the president.
Section 8 beachfront condos in Florida. Section 8 ski chalets in Colorado.
How long before our government starts seizing homes and giving them to the “takers” in our society?
Zimbabwe comes to mind.
Little ACORNs of HOPE in every neighborhood...
Looks like they are creating a situation where uncle sugar owns the house, puts their voters in those houses, then pays their rent as well.
Another scary issue is that Freddie and Fannie own 1/2 of the existing mortgages and all of the new mortgages.
The marxists in dc would never politicize that now would they?
And I thought my landlord sucked...
I was waiting for this. It was only a question of when. Now you can no longer move from the ghetto it will move to you. Imagine going off to work and leaving your family at home with gangsters next door. Since their rent will be paid, food paid, babysitting, cell phone, internet, cable and walking around money no need to leave the hood. Invite all their friends from the old hood for a visit to this fine crib. Where will you go? Every neighborhood will be filled with loafers looking for a score.
1. More slavery.
2. Twenty hillbillies will move into one of the houses in your HOA with dead vehicles, refrigerators as lawn ornaments, and young men leering at your daughters. ;-)
3. Real estate is dead for decades, until we have new leadership in business, government and academia. Give it up.
And just who is going to get these homes?....Mansions for the poor and your property values thru the floor.....
LOL..apparently the intelligentsia in the White house have never owned rental property ...
My daughter has to spend days and thousands to clean up after the section 8 trash they rent to..
Just who will make sure the copper plumbing does not take a walk in the middle of the night.. who will shovel out the trash when the renters have to be evicted ?
These guys are CLUELESS
Not just no, HELL no!
After the government moves assorted dem victim groups into those homes, people will be wishing for the good old days of yellow yards, and stripped down dumps...
Remember the last time Obama got involved with rental properties?...
Bring back no doc loans but require 25% down and good credit. Had they done that orginally with those liar loans we would not be in this mess now.