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View Full Version : Next Phase: Government is your Landlord



Insein
07-15-2009, 08:06 AM
http://www.reuters.com/article/marketsNews/idUSN1429265720090714?rpc=77


Obama mulls rental option for some homeowners-sources
Tue Jul 14, 2009 3:07pm EDT

NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.

Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said. (Reporting by Patrick Rucker; Editing by Diane Craft)

chloe
07-15-2009, 08:10 AM
good article, so were moving away from socialism and going right into communism eh?:eek:

stephanie
07-15-2009, 08:16 AM
the little Marxist will become a slumlord..

it seems when his poll numbers start slipping he offers up more of our money..

Insein
07-15-2009, 08:17 AM
To quote that 1950's anti-facism movie "It's all part of the plan."

PostmodernProphet
07-15-2009, 08:30 AM
step one, give your house to the government
step two, rent your house from the government
step three, demand that your landlord repair everything and remodel to suit your tastes
step four, demand that the government sell your house back to you

stephanie
07-15-2009, 08:36 AM
I've never been more disgusted with this government in all my life..This makes Carter look tame..

I don't know?????