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To: tobyhill

This is being done to shore the banks as well.

Worst part is a great number of these homes will never be occupied again and will deteriorate to the point of being needed to be torn down.

And the taxpayer will get stuck with the bill.


8 posted on 08/24/2011 8:14:38 PM PDT by Free Vulcan (Obama/Biden '12: No hope and chump change.)
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To: Free Vulcan
Until the Gubermint lets the market correct itself without interference then we will continue to see our economy suffer.
12 posted on 08/24/2011 8:18:54 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: Free Vulcan

You’re probaby right; I don’t see any benefit to the government using worthless paper dollars to buy worthless homes.


17 posted on 08/24/2011 8:24:16 PM PDT by kearnyirish2
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