Bernanke Calls For Nationwide REO Rental Program

From an article written on  1-4-12  by  Jacob Gaffney. 

The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy.

Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses.

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My Reply......


RIDICULOUS !!   Private industry (entrepreneurial) is already in full gear and moving forward.  Why cut that off?
Multi-family market is growing and catching up to where it should be.  There should always be a decent balance of SF homes and MF homes.
Finally, letting natural market forces (supply & demand) work will always be best for America.  Many forget that this is one of the main foundations that built the USA's  World Class economy!

We do not need the Fed's jumping in late and stepping on our toes.  How foolish of our Congress Persons to believe they will not cause even greater problems.

Most important...why would we allow the highly profitable Banking industry to once again take control???

signed,  a TRUE AMERICAN








PS:  Just read the Blog below this one to see what happens when our Government steps in & over corrects on a problem....
Crushing our beloved Veterans again.   

DISTRESSED HOMES, CRUSHING NEW HOMES

I spent many years selling dirt to New Home Builders & Developers.
At one time, we really had to hustle to have enough homes ready for the Buyers.

Perhaps no one has been harder hit than builders of new homes. The National Association of Home Builders (NAHB) reports that one out of three builders are reporting losing signed contracts during the preceding six months because appraisals are coming in lower than contract sales prices.

With that sort of profit margin, it's no wonder that many builders are staying on the sidelines. Yet, this is pushing the economy to the brink. The NAHB reports that new-home construction is a key to economic recovery. One hundred new homes can mean 300 full-time jobs and $8.9 million in federal, state, and local tax revenue.


Read more at.. 
http://realtytimes.com/rtpages/20111219_realestateoutlook.htm

Here's the BIG PROBLEM coming our way next.....


It takes 2 or more years to get a New Plat approved in most areas.
Will this make a shortage of homes available in the future?
Will this cause home values to escalate,  again?
Will this become another Economic cycle of "ups &and downs" that causes so many problems?
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As the Author / Founder of this Blog, I truly believe in our great
Free Enterprise System that runs the economy in our God blessed
country.  But, we need to have our leaders think carefully, anticipating new problems and balancing the type of fixes that are put into place.  We pick our Congressional leaders to be WISE.


Step up, Man up & Woman up  CONGRESS !!!!!!!! 
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A special thanks to Realty Times for the above article,


Sincerely,  Larry