Saturday, July 23, 2011

Government Considering Renting Foreclosed Homes -

Government Considering Renting Foreclosed Homes -
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.

While the plans may not advance beyond the concept phase, they are under serious consideration by senior administration officials because rents are rising even as home prices in many hard-hit markets continue to fall due to high foreclosure levels.

This should have been not just examined, but done, in 2009 about 10 minutes after the inauguration. But I'm sure the almighty banksters will find some reason not do to it. Just pass Congressman Grijalva's Right to Rent Act, I say.

1 comment:

Anonymous said...

Do you think that Obama has the muscle to beat CAI???????