If Fannie Mae and other agencies sold their more than 1 million distressed or foreclosed homes, it would glut the market. But it could rent them. ... Full Story »
Posted by Steven K Samra - via Christian Science Monitor, Donica Mensing (t), Sirajul Islam (t)
The author presents an interesting idea, but the article isn't nearly in-depth enough for the reader to make a reasoned assessment of its merits.
An opinion piece rather than an analysis, Bernstein brings forward an interesting and seemingly workable idea to assist with the foreclosure crisis in the US.
Not only would renting these homes help with offset the tremendous losses of foreclosure, it would increase inventory in a market where demand for rental property exceeds supply, pushing the cost of renting beyond the reach of many who otherwise would have been able to afford the cost. Resources could be brought to bear for those experiencing homelessness as well, rehousing a very costly sub-population of the country (average cost for one chronically homeless individual on the ... More »
“The rental market is far from glutted (rents are rising even while home prices are falling).” More »
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