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In reply to the discussion: Government Set to Sell Foreclosures in Bulk [View all]WillyT
(72,631 posts)49. K & R !!! - Thank You !!!
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On this one, I agree. It takes our neighborhoods from 'owned' to 'rented', and there's a difference
LaydeeBug
Jan 2012
#72
More socializing the risks, privatizing the profits. Bye, Bye Miss American Pie.
leveymg
Jan 2012
#7
These homes are already foreclosed on. So this will not keep families in their homes.
avaistheone1
Jan 2012
#34
I think these are homes where the people have long since vacated, and the government is paying
Hoyt
Jan 2012
#10
Then they shouldn't have booted the people who were taking care of the home for free out, now should
Lionessa
Jan 2012
#20
They could sell them to individuals to live in. But they'll bulk them out like many of the north
mbperrin
Jan 2012
#28
You forgot to add that you would be spending a few years in prison for your troubles.
former9thward
Jan 2012
#86
Fannie Mae took my home. I wonder how much they'll dump it for and why didn't they just
Lionessa
Jan 2012
#18
Exactly. Why not sell them for cheap to the people who owned them in the first place?
GreenPartyVoter
Jan 2012
#26
No, they won't. China has it's own very massive real estate bubble about to burst.
Ikonoklast
Jan 2012
#30
This proposal was part of Bernake's White Paper to Congress, with the administration's blessing
sad sally
Jan 2012
#32
Well of course they are. Make damn sure no 'little people' get ahold of one.
AtheistCrusader
Jan 2012
#33
in other words...the very people who created this mess stand to FURTHER benefit from it
noiretextatique
Jan 2012
#37
Teh mostest progressive president EVAH11!!!11!!1 His approval among "Liberal Dems" must be near 100%
Edweird
Jan 2012
#38
Mr. Obama is playing 13th dimension chess... and he really cares about his base.
lib2DaBone
Jan 2012
#48
When the homes sit idle, we call it Obama's fault. When the homes are rented, we call it Obama's
McCamy Taylor
Jan 2012
#50
Isn't this kind of what happened in Iceland? Or was that private banksters selling in bulk?
AllyCat
Jan 2012
#61
Freakin corrupt govt aholes could just create what was known as "Savings and Loans"
just1voice
Jan 2012
#62
So is this what the corporations sitting on record amounts of cash have been waiting for?
bluesbassman
Jan 2012
#63
Links to US Census data showing historic home ownership rates for the USA and by state...
slackmaster
Jan 2012
#76
So instead of selling them cheap to indivuals who can buy them to live in...
OneTenthofOnePercent
Jan 2012
#80