Obama Making Plans to Nationalize Housing?

http://toddkinsey.com/blog/2011/10/24/obama-making-plans-to-nationalize-housing/ ^

[Todd Kinsey]

Despite two feeble warnings from President Bush and a half-hearted attempt by Senator John McCain to regulate the two faltering lending giants, no one really wanted to upset the economic apple cart. Now Obama appears to be poised to nationalize half the homes in America…

[al baby]

And sew up the vote for 2012

[cripplecreek]

My first thought is that a lot of houses will come off the market to be sold independently by the seller.

My second thought is that arson will skyrocket.

[Truth29]

A house for your vote ... five year plan to follow. Just might work to help Obama, not the country.

[sodpoodle]

If the real estate industry wanted to protect themselves and their future - they should have bought these homes and offered “rent to purchase’ programs.

The Federal Government will buy a home for $120K and rent it for $1000 per month. Will be in a profit margin within 10 years. Gravy train for the Feds - nothing for the tax payers or renters. Likely no property tax for local school districts either.

[no-to-illegals]

If houses are nationalized, do houses get to vote?

[dfwgator]

"Yes. This is a better arrangement, Comrades....more just."

[Huskrrrr]

A house for your vote ...

The price of a vote is getting out of hand.

[no-to-illegals]

my bad ... naturalized not nationalized.

[TruthConquers]

Yeah, if they are Dem votes!

And the best houses will be given to those who tow the party line. Being able to tell us where we can live and where we can not live is a wet dream about to come true.

And to all those who could only post, “pay your mortgage”, we tried to tell you so, but you would not listen. It has been obvious this was coming for more than a year. Why do you suppose they “lost” all those notes?

[Tigerized]

Private property ownership is the cornerstone of a free society. No wonder this bunch wants to abolish the concept so badly.

First it was the heavy-handed confiscation of “public” lands. Now they’re going after private property in every way imaginable.

Scoundrels.

[DuncanWaring]

No, but their deceased former owners do.

[Mouton]

I’ve been following the stock markets recent run up. Nothing supports this as we are almost in a recession again, just bumping along the bottom of the threshold for positive gains. So, what could it be. Perhaps the market is signaling that Barky’s term of office will be one term? Market generally looks out 6 to 12 months so I think this could be a consideration.

[Dilbert San Diego]

I have heard radio ads for a company which would buy your house and lease it back to you.

This company says it doesn’t matter if you are under water on the mortgage. They say they will buy it from you, absorb the mortgage, then rent the house back to you so you don’t have to move. It claims that it will give you a five year lease so you have stability for a period of years as you get back on your feet, financially.

I don’t know how many deals this company has done. But at least that’s a free market type solution to the problems of housing.

I reached a point where I don’t quite trust anything which Obama proposes to do.

[no-to-illegals]

their deceased former owners do

but ... I refuse to vote for a democRAT, even if I am deceased. Can I do that?

[DuncanWaring]

Since the markets bottomed in early 2009, the bulk of the rise has been in inverse lock-step with the strength of the dollar; dollar weakens, market goes up, dollar strengthens, market goes down.

[LibLieSlayer]

I am a successful 38 year business man... we are in a depression... "almost" in a recession is laughable.

LLS

[DuncanWaring]

Nope.

The Deceased-American voting bloc votes Rat.

[no-to-illegals]

Being able to tell us where we can live and where we can not live is a wet dream about to come true.

Halloween has me in a six foot hole. My Will says that I am to vote for someone other than a democRAT. Has my Will been taken over too? If so just leave me buried! No need to dig me up.

[silverleaf]

My mortgage from the credit union was “purchased” by Fanny Mae this summer
I had no say in this
Received a letter after the fact that Fanny owned my mortgage but that no paperwork would be on file

I thought it was curious

and discouraging