The Government Wants To Be Your Landlord

Wow like no one saw this coming. They want to own your car, your children and now your home.

So John, is the theory here that the price of the rent would be lower than the price of the mortgage? Plus who and how are they going to manage all the administrative functions that go along with such an endeavor? Oh never mind, it's pretty obvious ... we the taxpayer will just foot that bill as well.

I recently heard this too.  I've also heard that banks want to start working with the tenants of properties that they are being foreclosed on.

What you're forgetting is; a huge beauracracy in Washington, and a whole lot of people dependant on the administration for the roof over their head, creates a larger voter base for the providers (Obama administration). At this point I think the ONLY thing this administration wants is more power, over more people.

John

I am with you on this one even though boondoggle could be a slight understatement. This is a crazy idea that would be a huge mistake for America.

Wow, I had read something about keeping homeowners in homes despite the loss of a job - maybe this is what the article was referring to.

This certainly has all the makings of a fiasco.

John - job creation, more government jobs that is, and, apparrantly, more section 8 housing. Guarenteed to drive real estate prices down.