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Will the Government own your home?

By
Real Estate Broker/Owner with Better Homes and Gardens Real Estate 43° North

We are living in amazing times right now. What happens over the course of the next few months will definitely effect our lives for years, if not decades in the future. I am becoming concerned that the Government and Corporations are gaining a foothold into the control of personal property rights in the country. What makes of a free society believe it or not is the right for the citizens to own property. The power of the government and large corporations is balanced by our freedoms. Our freedoms are directly attributed to the fact that we own property and on the property we can do as we please (for the most part).

 

When the Government uses these amazing times to swiftly take ownership stakes in our Banking and our Lending institutions it causes me concern. What will property ownership look like 10 years from now? Will it change? Will the Government decide who can own a home? What happens if homeownership becomes reserved for only a select few?

Comments(2)

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Goodbye Active Rain
Out of Real Estate

Not unless investors have soemthing to say about it.  We are the ones buying all the properties now.

My short sales mentors live in Idaho.  Cool!

Nov 20, 2008 03:19 AM
Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

Government has always been involved in owning our homes.  FHA loans, VA loans are all backed by the feds.  HUD homes, 1st time homebuyers are always assisted by the feds.  I worry more about this Congress coming in.  Will they keep this money for themselves and not give it back to the public for restoring our banking? They are still holding on to it.  It was voted to go, four months ago!  Have they froze their salaries?  Do they worry about the cost of fuel? Healthcare?  No, because we, the taxpayer, are paying their expenses. 

Nov 20, 2008 03:36 AM