and so it begins....gov't to take foreclosed homes off market, rent out | |
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Inigo Montoya (OP) User ID: 1390471 United States 07/22/2011 01:48 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 768075 United States 07/22/2011 01:52 PM Report Abusive Post Report Copyright Violation | [link to online.wsj.com] Quoting: Inigo MontoyaThe 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. 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) User ID: 1390471 United States 07/22/2011 01:59 PM Report Abusive Post Report Copyright Violation | [link to online.wsj.com] Quoting: Inigo MontoyaThe 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. 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... uuhhhh...this isnt too many steps away from gov't owning the property. this isnt a slippery slope, it's a cliff. |
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Anonymous Coward User ID: 1417688 United States 07/22/2011 02:07 PM Report Abusive Post Report Copyright Violation | foreclosed homes will become section-8 housing......good bye white suburbia!!! Quoting: Anonymous Coward 1477714300,000 dollar homes turned into section 8 ? I doubt it..... Don't doubt. I've noticed some of the biggest, newest, nicest apt complexes are for section 8 ONLY! It's crazy. |
Anonymous Coward User ID: 1417688 United States 07/22/2011 02:09 PM Report Abusive Post Report Copyright Violation | foreclosed homes will become section-8 housing......good bye white suburbia!!! Quoting: Anonymous Coward 1477714300,000 dollar homes turned into section 8 ? I doubt it..... 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 User ID: 1477688 Luxembourg 07/22/2011 02:09 PM Report Abusive Post Report Copyright Violation | [link to online.wsj.com] Quoting: Inigo MontoyaThe 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. these would probably ONLY BE Government owned foreclosed homes, and it's better than having them clog up the real estate market |
Anonymous Coward User ID: 1458601 United States 07/22/2011 02:09 PM Report Abusive Post Report Copyright Violation | 300,000 dollar homes turned into section 8 ? I doubt it..... Quoting: Anonymous Coward 768075The 15%+ inflation is hitting the welfare queens pretty hard. They need some more bonuses to give the diebold machines plausible cover in 2012. |
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Inigo Montoya (OP) User ID: 1390471 United States 07/22/2011 02:14 PM Report Abusive Post Report Copyright Violation | 300,000 dollar homes turned into section 8 ? I doubt it..... Quoting: Anonymous Coward 768075The 15%+ inflation is hitting the welfare queens pretty hard. They need some more bonuses to give the diebold machines plausible cover in 2012. |
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Inigo Montoya (OP) User ID: 1390471 United States 07/22/2011 02:59 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 1387000 United States 07/22/2011 04:16 PM Report Abusive Post Report Copyright Violation | 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. |