Nationalized housing?
What makes you think the statists will stop at nationalizing our industry, our banks, education? People still think the government isn’t doing enough to help them. Government is in second gear on their way to redistributing the wealth of America. If health care is a guaranteed right? Why not housing?
You move makes as much sense as anything in where to stash money. Just saying that the future is always full of surpises.
“What makes you think the statists will stop at nationalizing our industry, our banks, education? “
They already have been doing it for over 10 years.
Hud won’t allow bids other than 1st time owners or owners that will occupy and any other bids are only accepted after the mentioned bids fail.
They also give 1st option to non profits that give housing to the homeless, but they and their assets are very limited.
Their nationalization is slowly being implemented on housing that goes back to FHA, Hud, Fannie and Freddie, and can’t get buyers for.
The problem is that their low end buyers can’t finance them and have to revert to being renters.