[Carolina_Thor]

I’m not sure how to feel about this. On the surface, it almost seems like a good idea. I’d like to see more details, before I pass judgement. I don’t agree with much this administration does, but I’m not going to knee jerk this one. It has the potential to mitigate some of the loss to the taxpayers on those properties. I’m not saying they shouldn’t still try to sell them off, but while the process of being sold is going on, rent em out. What I’m afraid of with this bunch is the access to these properties go to those who would basically destroy the value of them, and potentially ruin the value of the surrounding properties.

[Red Badger]

For results of this decision, five years hence, see London news, today....................

[dila813]

Can’t believe you would say that, what do you think happens to landlords when their rents are depressed due to oversupply in the Rental markets?

They go into foreclosure too. Then the government will have to bail them out too.

[Saltmeat]

What makes you think that they will pay their rent? And if they don’t who is going to pursue them? Certainly not the Democrat bureaucrats. They need the votes and this is the purpose of the insane plan. Fertilize the weeds and ignore the crop and then expect to make a harvest. This is the insane part.

[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?

[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.