Comments on: Fannie Mae To Enter The Rental Business http://housingdoom.com/2008/12/14/fannie-mae-to-enter-the-rental-business/ Thu, 24 May 2012 01:57:19 +0000 hourly 1 http://wordpress.org/?v= By: toysarefun http://housingdoom.com/2008/12/14/fannie-mae-to-enter-the-rental-business/#comment-15141 toysarefun Mon, 15 Dec 2008 22:59:06 +0000 http://housingdoom.com/?p=1892#comment-15141 Can't sell it? May as well rent it. Genius! I guess I never looked at a rental agreement close enough to see the fine print regarding eviction upon foreclosure. Can’t sell it? May as well rent it. Genius!

I guess I never looked at a rental agreement close enough to see the fine print regarding eviction upon foreclosure.

]]> By: MikeC http://housingdoom.com/2008/12/14/fannie-mae-to-enter-the-rental-business/#comment-15140 MikeC Mon, 15 Dec 2008 17:52:58 +0000 http://housingdoom.com/?p=1892#comment-15140 Freemonster >>Government controlled rentals? >>How is this going to help anything? If there was a choice between borrowing thousands of future tax dollars per capita in a doomed attempt to try and prop up the housing market (and forgive parts of others' mortgage debt)... or having government NOT spend everybody's money to forgive the debt of the bubble-maniacs, but only have the government keep and rent out the properties.. it is in my mind good news to see the latter. Don't forget how much money has already been spent in all taxpayers' names to try and fix this problem. At LAST this is a solution that makes more sense than forcing those people that were most prudent to suffer artificially-sustained high prices and debt. Freemonster
>>Government controlled rentals?
>>How is this going to help anything?

If there was a choice between borrowing thousands of future tax dollars per capita in a doomed attempt to try and prop up the housing market (and forgive parts of others’ mortgage debt)… or having government NOT spend everybody’s money to forgive the debt of the bubble-maniacs, but only have the government keep and rent out the properties.. it is in my mind good news to see the latter.

Don’t forget how much money has already been spent in all taxpayers’ names to try and fix this problem. At LAST this is a solution that makes more sense than forcing those people that were most prudent to suffer artificially-sustained high prices and debt.

]]> By: twist http://housingdoom.com/2008/12/14/fannie-mae-to-enter-the-rental-business/#comment-15139 twist Mon, 15 Dec 2008 14:12:38 +0000 http://housingdoom.com/?p=1892#comment-15139 I don't think I'd call it good news overall exactly, but it has to be better for the agency balance sheet than empty homes. Freemonster- I keep wondering when people will figure out that they are ALREADY renting from their lender- at above market. If I have NO equity, but the bank does, I don't own the house- they do. That makes me a renter. I think that the "loan modification" plans just change the "lease agreement" at unfavorable terms to the borrower. I don’t think I’d call it good news overall exactly, but it has to be better for the agency balance sheet than empty homes.

Freemonster-

I keep wondering when people will figure out that they are ALREADY renting from their lender- at above market.

If I have NO equity, but the bank does, I don’t own the house- they do. That makes me a renter. I think that the “loan modification” plans just change the “lease agreement” at unfavorable terms to the borrower.

]]> By: freemonster http://housingdoom.com/2008/12/14/fannie-mae-to-enter-the-rental-business/#comment-15138 freemonster Mon, 15 Dec 2008 11:51:01 +0000 http://housingdoom.com/?p=1892#comment-15138 Government controlled rentals? How is this going to help anything? Our economy relies too heavily on homes being sold and owners putting money into those homes. Sounds like a stall(PR) tactic. There are sad stories everywhere, not just people renting foreclosures. Government controlled rentals? How is this going to help anything? Our economy relies too heavily on homes being sold and owners putting money into those homes. Sounds like a stall(PR) tactic. There are sad stories everywhere, not just people renting foreclosures.

]]> By: MikeC http://housingdoom.com/2008/12/14/fannie-mae-to-enter-the-rental-business/#comment-15137 MikeC Mon, 15 Dec 2008 09:01:22 +0000 http://housingdoom.com/?p=1892#comment-15137 Yes, this is good news. They should not only be renting to existing renters of investment properties that are being foreclosed on, but also go into the business of renting to the OWNERs of properties they are foreclosing on. That would be FAR better than trying to prop up housing prices (re-inflate the bubble), which is doomed to fail and make the world economic situation even worse. Yes, this is good news.
They should not only be renting to existing renters of investment properties that are being foreclosed on, but also go into the business of renting to the OWNERs of properties they are foreclosing on.

That would be FAR better than trying to prop up housing prices (re-inflate the bubble), which is doomed to fail and make the world economic situation even worse.

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