Democrats keeping the housing bubble alive - Welfare families coming to a foreclosed home near you

[melvin_udall]

After Democrats created the financial crises by insisting that people who couldn't afford homes be given loans they couldn't pay, then prolonging the housing bubble that burst as a result of their failed policies, now they are trying to extend the housing bubble even more. What could go wrong with this fine plan:

Government Considers Turning

Comments

[myndcryme]

"The Obama administration may turn many government-owned foreclosures into rental properties to help boost falling home prices."

Phase 1: Collect Underpants.

Phase 2: ...

Phase 3: Profit!


Gnomes
Tags: SOUTH
PARKmore...

[melvin_udall]

Basically.

Unfortunately every result of their bad idea gives them more power. So failure for them actually is profit.

[myndcryme]

Hmmm. Profiteering for the few coupled with failure and enslavement for the masses. It's almost like there's a political theory that has done that (temporarily, at least) every single time it's been tried throughout history.

But don't you dare call him a socialist...

- V -

[melvin_udall]

I know, weird, isn't it?

[kharmii]

Oh sure, that'll work. With a glut of rental properties, rent will go down and people who depend on rent to pay the mortgages of their second, third.. properties will suddenly lose money. The Party of the Little Guy screws the middle class again.

[merig00]

And of course these will be rent controlled houses with rent prices way below market value.

[kharmii]

-And why would someone pay a lot for rent for an ordinary house from a private owner when they can live in a cheap McMansion?

It's a disaster. I want to move into a bigger house someday because of starting a family, yet I'm afraid to do anything soon. Who knows what the housing market is going to look like just next year.