Gov't considers turning foreclosures into rentals

AP ^ | Aug 10, 1:18 PM EDT | By DEREK KRAVITZ

[EBH]

Your naivete is showing.

Bleeding heart liberals will see this as an opportunity to house the homeless, section 8, those who can least afford it...

Just a few months ago FReepers were kidding that this would happen....

[EBH]

Oh and let’s not forget the rundown condition the previous owners left these homes in. That will require government funds to bring them up to code.

Oh and ....will that make for the absentee landlord? Or worse some more government workers managing the property with nearly impossible regulations for evictions?

[rintense]

Renting homes does NOT raise property values. It will only lower those of the home owners in surrounding areas.

I told ya this was going to happen 3 years ago!!! It's social engineering at its finest.

[liberalh8ter]

Exactly. It's been a long, painful transition but the plan is almost complete. You have to give these democrats credit though, if they would put as much thought, planning and preparation into solving the debt crisis as they do into figuring out backdoor reparations, America would be in great fiscal shape.

[GOPJ]

They could take homes in conservative leaning districts, fill all with Dem voters and try to flip the districts to their side.

Dems always make legislation that helps their pet victim group voters. They don't care about Americans - they care about dems. They don't even care if they are Americans - illegals will do fine - better than an American who happens to be conservative.

The vast majority of these homes will go to dems... I don't know if they can 'flip' districts, but they can sure make living miserable for people who have no desire to live next to a liberal...

[riri]

Best post ever!

[mojito]

The problem is that once a bureaucracy is created to administer these rental properties, there will be no incentive to sell them, along with a huge number of newly created dependents who want the govt. to continue to be their landlord, at very attractive rents.

And the result?

A new group of people who will reliably vote Democrat, because it will be “evil Republicans” who will insist that Fannie and Freddie sell the properties. And a huge new socialized sector of the economy in what had once been a “free market.”

ACORN would be pleased.