President shifts focus to renting, not owning- Using $4.25b to build affordable housing

Boston.com ^ | 8/16/09 | Joseph Williams

[Nachum]

But no money for NASA

[Nachum]

The list, ping

[alice_in_bubbaland]

Why? They will destroy it within 10 years.

[driftdiver]

putting money into NASA would result in research and inventing new things. New technologies and prestige for America.

He is all about de-developing America.

[Dutch Boy]

Of course the libs want rentals. That way you chip away at the concept of private property. It also bunches people together in urban clusters that make us easier to control.

[WesternPacific]

Using $4.25b to build affordable housing

Upgrading the projects for the brothers.

[RC2]

It will take much less than 10 years. Ghetto housing is what he’s talking about.

[Enterprise]

Creating vast Obamavills.

[C210N]

So, let me take a wild guess as to who will own this property, who will be the landlords.

In the article it justifies this since there is a "need". Good grief, where in the constitution does it state that the government's role is find all the citizens needs, and then fill them?

[devane617]

OH NO!!!! To me, this is almost as bad as ObamaCare. Once the gov starts renting all those foreclosed homes and building in your neighborhood, you can kiss your property value good bye. Just more reparations...

[R_Kangel]

LOL, He is mandating the building of Federal ghettos!

[Never on my watch]

Nothing raises property values and helps foster healthy communities and family-friendly neighborhoods like ‘Section 8’ housing and government-built apartment complexes.

[devane617]

Time to start looking for property in the country.

[GodGunsGuts]

There goes the neigborhood.

[muawiyah]

This goes back and forth through the years depending to some extent on the state of the economy. When housing is scarce the arguments for building public (or subsidized) housing win out. When there's a surplus of housing section 8 (rental) wins out.

Right now there's a 15% "overhang". Last thing you'd want to do is contribute to further damage to the housing industry by building more empty housing. It's far better to rent housing in these troubled times.

Home builders would disagree!

[the invisib1e hand]

the goverment, or its surrogates (corporations) ought to ownn everything. including you.

The Beer Summit Putsche.

[muawiyah]

(Most of which for quite some time have been devoted to housing the elderly ~ this is not the 1950s)

[combat_boots]

The Pottersville Projects

Moscow or any communist city.......

[Proud2BeRight]

There are already some historical Chicago names that could be honored by naming the “projects”. e.g. Cabrini-Green or Robert Taylor Homes

[TexasFreeper2009]

lol

The affirmative action president thinks more public housing projects are the solution!

I guess he thinks all the projects in the past have been such a big success they feel the need to build more!