President Shifts Focus To Renting, Not Owning Home

Boston Globe ^ | 8-16-09 | Joseph Williams

[joinedafterattack]

WASHINGTON - The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society’’ and instead plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.

The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.

[Niuhuru]

The problem is that the majority of the ‘poor’ don’t have the self respect to keep working on moving up. America is unique that we have a huge segment of society that refuses to get their arses in gear and take control, positive control, of thier lives.

[GOPJ]

Then they’ll raise property taxes so no one can afford to own a home and we’ll all be living in those high rise hell holes seen in all communist countries.

[GOPJ]

Every neighborhood will become crime infested.