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and so it begins....gov't to take foreclosed homes off market, rent out

 
Inigo Montoya
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07/22/2011 01:32 PM
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and so it begins....gov't to take foreclosed homes off market, rent out
[link to online.wsj.com]

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.

Last Edited by Inigo Montoya on 07/22/2011 01:48 PM
Hero Protagonist

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07/22/2011 01:36 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
Man, they want it ALL, don't they?
"Take a chance while you still got a choice" Bon Scott
Once I was nothing, then I became everything
Anonymous Coward
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07/22/2011 01:45 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
foreclosed homes will become section-8 housing......good bye white suburbia!!! 5a5a5a5a
Inigo Montoya  (OP)

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07/22/2011 01:48 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
bump
Anonymous Coward
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07/22/2011 01:49 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
people have money to rent anymore?

More likely they'll give them to China to pay off the interest on the interest of the debt.
Anonymous Coward
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07/22/2011 01:52 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
[link to online.wsj.com]

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.
 Quoting: Inigo Montoya




GOOD !!!! the sooner the better ... These low-cost homes are KILLING the people who paid their note and now want to move elsewhere... I think if the darn banks would buy a few of these homes at a half way decent price it would raise the value of their foreclosed homes... they got all that free money, the can create a market...
Inigo Montoya  (OP)

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07/22/2011 01:59 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
[link to online.wsj.com]

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.
 Quoting: Inigo Montoya




GOOD !!!! the sooner the better ... These low-cost homes are KILLING the people who paid their note and now want to move elsewhere... I think if the darn banks would buy a few of these homes at a half way decent price it would raise the value of their foreclosed homes... they got all that free money, the can create a market...
 Quoting: Anonymous Coward 768075


uuhhhh...this isnt too many steps away from gov't owning the property. this isnt a slippery slope, it's a cliff.
Anonymous Coward
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07/22/2011 02:00 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
foreclosed homes will become section-8 housing......good bye white suburbia!!! 5a5a5a5a
 Quoting: Anonymous Coward 1477714


300,000 dollar homes turned into section 8 ? I doubt it.....
Anonymous Coward
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07/22/2011 02:07 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
foreclosed homes will become section-8 housing......good bye white suburbia!!! 5a5a5a5a
 Quoting: Anonymous Coward 1477714


300,000 dollar homes turned into section 8 ? I doubt it.....
 Quoting: Anonymous Coward 768075


Don't doubt. I've noticed some of the biggest, newest, nicest apt complexes are for section 8 ONLY! It's crazy.
Anonymous Coward
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07/22/2011 02:09 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
foreclosed homes will become section-8 housing......good bye white suburbia!!! 5a5a5a5a
 Quoting: Anonymous Coward 1477714


300,000 dollar homes turned into section 8 ? I doubt it.....
 Quoting: Anonymous Coward 768075


Notice how the mansions in the cities were turned into flats years ago? Those big homes with a bar in the basement can be easily transformed into multiple family units and then those neighborhoods will go downhill.
Anonymous Coward
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07/22/2011 02:09 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
[link to online.wsj.com]

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.
 Quoting: Inigo Montoya


these would probably ONLY BE Government owned foreclosed homes, and it's better than having them clog up the real estate market
Anonymous Coward
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07/22/2011 02:09 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
300,000 dollar homes turned into section 8 ? I doubt it.....
 Quoting: Anonymous Coward 768075



The 15%+ inflation is hitting the welfare queens pretty hard. They need some more bonuses to give the diebold machines plausible cover in 2012.
Anonymous Coward
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07/22/2011 02:10 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
desperation. will probably NOT work.

Pin this central planning!
Inigo Montoya  (OP)

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07/22/2011 02:14 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
300,000 dollar homes turned into section 8 ? I doubt it.....
 Quoting: Anonymous Coward 768075



The 15%+ inflation is hitting the welfare queens pretty hard. They need some more bonuses to give the diebold machines plausible cover in 2012.
 Quoting: Anonymous Coward 1458601


bump
Anonymous Coward
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07/22/2011 02:27 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
bump
Anonymous Coward
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07/22/2011 02:29 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
Man, they want it ALL, don't they?
 Quoting: Hero Protagonist


dancedancedancedance
Anonymous Coward
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07/22/2011 02:48 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
bump
 Quoting: Anonymous Coward 1477034


what does bump mean?
Inigo Montoya  (OP)

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07/22/2011 02:59 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
bump
 Quoting: Anonymous Coward 1477034


what does bump mean?
 Quoting: Anonymous Coward 1462880


it means you approve. it also is used to keep the thread on the first page.
Anonymous Coward
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07/22/2011 03:07 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
Hey landlord I'm having a problem with my (enter anything here)... could you come fix it for me?

LMFAO
Anonymous Coward
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07/22/2011 04:16 PM
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Re: and so it begins....gov't to take foreclosed homes off market, rent out
Many of the foreclosed homes such as those with FNMA and FMAC already continue being rented out for another year or more if they have a tenant at the time of foreclosure. FNMA doesn't even try to sell them they sign the people up for a new one year lease at fair market rent.





GLP