Once again the Obama Administration is hard at work? What they are wanting to do now is take foreclosed homes and rent them out to people sounds good right? Well it does except many questions remain, which is typical when dealing with the Obama Administration who has proved time after time that half of them have not a damn clue in what they’re doing. So the #1 question on peoples minds are this? Can the person who had the home foreclosed on turn around and rent them? The answer to that is THEY DO NOT KNOW…

The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.

While the plans may not advance beyond the concept phase, they are under serious consideration by senior administration officials because rents are rising even as home prices in many hard-hit markets continue to fall due to high foreclosure levels.

Trimming the glut of unsold foreclosed homes on the market is “worth looking at,” said Federal Reserve Chairman Ben Bernanke in testimony to Congress last week.

ONE THING WE DO KNOW IS THAT THIS IS MORE SOCIALIZING FROM THE UNITED STATES GOVERNMENT, MORE FREE HANDOUTS IN WHICH WILL DRIVE OUR COUNTRY TO THE BRINK OF DESTRUCTION. WHEN WILL PEOPLE REALIZE THAT SOCIALISM DOES NOT WORK?

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  1. […] Obama to Rent out Foreclosed homes? (smacktalkradio.wordpress.com) […]

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