This would create Section 8 in EVERY neighborhood. All you would have to do to finish the Obama civilian army would be to give them “neighborhood reporting and civic duties” in exchange for their free or nearly free homes.
BINGO. In Florida, we are seeing more “rentals” (technically in foreclosure or pre-forclosure). As a result the property values in some of these neighborhoods will now drop even more. This includes HOA communities. Is it possible that the banks and mortage companies are being coerced to provide this housing as rentals...on the terms set by this administration?
If this administration could give away house keys to 1 million homes, do you think he would?
Ponder these two recent articles:
Report: Bank of America Sold Mortgage Pool To Fannie Mae
http://www.forbes.com/2011/08/10/bofa-reportedly-sold-mortgage-pool-to-fannie-mae-marketnewsvideo.html
(BofA sells pool of 400,000 loans to the government-sponsored mortgage holder)
http://www.freerepublic.com/focus/f-news/2761747/posts
AP article:
Gov’t considers turning foreclosures into rentals
(Per th is article, 250,000 homes are owned by government-controlled mortgage companies Fannie Mae and Freddie Mac and the Federal Housing Administration) Now, add the additional 400,000 from BofA.
Not long ago, your prediction would have been tagged as tinfoil. In avowed socialist countries, at least they hire mathematicians and scientists to plan society; we use lawyers.