Wednesday, August 10, 2011

I Predicted Something Like This Would Happen...

A federal "request for information" released Wednesday included an option for previous homeowners to rent out the homes or for current renters to lease to own. (The "Powers" need to consider my suggestion for Government Assistance with a downpayment)

With the economy and the National housing market still ailing, government officials are seeking to shrink the glut of foreclosed properties that have piled up in many parts of the country. They are looking for ideas -- that could vary regionally -- on how to pool properties owned by mortgage finance giants Fannie Mae (FNMA), Freddie Mac (FMCC) and the Federal Housing Administration and sell them to investors in bulk, who could then rent them out. Obama officials hope the move will put a floor under declining home prices.

Private investors could also be allowed to oversee the conversions. Officials are also mulling whether to implement a program in metro areas hit hardest by foreclosures and in those with high demand for rental housing.

The homes include single-family homes and condominiums. The deadline for responses is Sept. 15. [Details]
Show Comments: OR

No comments:

Post a Comment

Per comment rate: $2
Payable by either clicking the BitCoin "tip me" button or the PayPal "donate" button in the sidebar.

Because, like the fine publication Tablet, whom I borrowed this concept from, I too am committed to bringing you the best, smartest, most enlightening and entertaining reporting and writing I'm able to provide, all free of charge. I take pride in my loyal readership, and I'm thrilled that you choose to engage with me in a way that is both thoughtful and thought-provoking. But the Internet, for all of its wonders, poses challenges to civilized and constructive discussion, allowing vocal—and, often, anonymous—minorities to drag it down with invective (and worse).

I'm asking people who'd like to post comments on my blog to pay a nominal fee—less a paywall than a gesture of your own commitment to the cause of great conversation. All proceeds go to helping me bring you the provocative and/or entertaining articles that brought you here in the first place.

Readers can still interact with me FREE of charge via Facebook comments and Google+ comments! You can also reach me via Twitter @davelucas

I hope this new largely symbolic measure will help create a more pleasant and cultivated environment for all! Those of you who choose to contribute, thanks for your support.


Your comment will appear after you have made your donation.

All IP addresses are logged.

Your comment will not appear immediately as all messages are vetted before publication.

PS - Any more questions? Check out my Policy & Terms of Use FAQ!

Related Posts Plugin for WordPress, Blogger...
Web Analytics