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Reply #7: The majority of the housing stock is effectively owned by the US Government [View All]

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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-11-10 06:39 PM
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7. The majority of the housing stock is effectively owned by the US Government
given the bailout and subsidies of the mortgage lending industry. We already have a socialized housing system, but with the profits going to the middle-men in the zombie mortgage and foreclosure complex. The worst of all possible systems.
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  -The Housing Stabilization Program You Haven't Heard About babylonsister  Apr-11-10 03:08 PM   #0 
  - Interesting. K&R So others can hear about.  boppers   Apr-11-10 05:50 PM   #1 
  - this is all well and good for the banking industry...  mike_c   Apr-11-10 05:55 PM   #2 
  - Why would you rent when you could buy a house for just $85,000?  4lbs   Apr-11-10 06:03 PM   #3 
  - I seriously doubt that would happen in my NorCal neighborhood...  mike_c   Apr-11-10 06:13 PM   #5 
  - You would rather concentrate real estate ownership?  Robb   Apr-11-10 06:04 PM   #4 
     - not at all-- but that is what the current housing model is designed to do....  mike_c   Apr-11-10 06:18 PM   #6 
  - The majority of the housing stock is effectively owned by the US Government  leveymg   Apr-11-10 06:39 PM   #7 
  - kick! NT  Clio the Leo   Apr-11-10 09:39 PM   #8 
  - K&R  SpartanDem   Apr-12-10 03:24 AM   #9 
  - +1... Also the Homeless Prevention and Rapid Rehousing  CBR   Apr-12-10 05:51 AM   #10 
 

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