Uncle Sam Wants You! – As a Tenant?

Via on Nov 1, 2011

Could this be one of the answers to the home foreclosure crisis? Ken H. Johnson, Ph.D. from Florida International University and Editor of the Journal of Housing Research makes the case for why the federal government should hold onto their stockpile of foreclosed homes and lease them out.

” The program should slow down the flood of foreclosed properties and should help stabilize pricing as traditional home sellers will now have fewer foreclosures to compete against” according to Johnson in a post on the real estate blog Keeping Current Matters (KCM)

The idea makes some sense and the Obama administration is said to be considering it. Read his full blog post for more.

 

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About Liz Benson

Liz Benson is a Realtor/EcoBroker with Colorado Landmark Realtors based in Boulder, CO. She is also Mom to a lovely teenage daughter and an energetic border collie. When not juggling those duties, she enjoys travel, riding her vintage cruiser and DIY home improvements.

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2 Responses to “Uncle Sam Wants You! – As a Tenant?”

  1. Tanya Lee Markul Tanya Lee Markul says:

    I'm not so sure I get it.

  2. JustinS says:

    Lease the houses (at reasonable rates) instead of selling them dirt cheap…. in one stroke you create affordable housing for renters and alleviate a lot of the pressure that foreclosures put on the seller's market. Everyone wins.

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