The American Government in the Real Estate Business

The American Government in the Real Estate Business

Okay, so just imagine it!  Our American Government (who has already gotten into the automobile industry, the banking industry and the list goes on and on...) has started the discussion of rental homes.  Ben Bernancke has 'suggested' that we start a nationwide government supported "REO" rental program.  I'm really trying not to preach politics here, so I'll just stop at that.

Some proponents suggest the rate of return by renting these homes out for now would be much greater than the prices at which they have been selling on the real estate market right now.

Those against it suggest that home ownership should be promoted during this time and not discouraged as they feel this program would do.  Not to mention the fact that the taxpayers, lenders and bond investors would bear the burden of this cost.  Another bail out in the making.

Some of the things they don't ask are, how do you rent an REO where there is major repair work to be done?  Who is in charge of that and who pays for it? There are many more questions I can pose here and I'm sure you are thinking of a few yourself.

You can read more about the topic HERE on HousingWire.

If you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
(909) 670-2711 Direct
LindaKMayer@live.com
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