Here they go again, our federal government is thinking of renting out foreclosed homes. Just what we need, the government getting into the landlord business. What makes them think this will work when the tax credits and Home Affordable Refinance Program (HARP) did not? Billions of taxpayer dollars were set aside for HARP.
The eight-thousand dollar tax credit paid for by you and me did get some people buying, but once that program ended, sales dropped again. Some say it only pushed sales into earlier months. Then you have the cash for clunkers bailout.
Now our federal government wants to get into the landlord business. What the federal government needs to do is leave it alone and let the market fix itself. It will, only if they will quit meddling in it.
I don’t know about all of the elected officials in Washington, but I do know many them have been there thirty or forty years. How can they have any business experience at all if all they have ever done is spend other people’s money, and not very wisely, I might add? They are passing so many regulations these days, how about passing one that limits their stay on a government job.
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On another note…...several months ago, in haste, the Federal Trade Commission (FTC) came out with a new ruling. The thought was good, but their planning was terrible.
Here was their thought; some homeowners might look at alternative options to a foreclosure such as a short sale. To help protect these homeowners the FTC came up with the Mortgage Assistance Relief Services (MARS).
The rule’s intent was to help protect distressed homeowners from mortgage relief scams, but it was so broadly written, in their haste, that it required real estate agents, acting in their licensed capacity to comply when they negotiate with a lender on the terms of a short sale.
This rule went into effect in December, 2010. Now, in July, 2011 the FTC has announced they will forbear from enforcing most provisions of MARS against real estate professionals when acting in their licensed capacity.
First, this is what happens in big government, they try to fix things and mess it up more. Second, to my understanding, the law is still there. They only said they would not enforce parts of it against real estate agents. Should we TRUST them?
The eight-thousand dollar tax credit paid for by you and me did get some people buying, but once that program ended, sales dropped again. Some say it only pushed sales into earlier months. Then you have the cash for clunkers bailout.
Now our federal government wants to get into the landlord business. What the federal government needs to do is leave it alone and let the market fix itself. It will, only if they will quit meddling in it.
I don’t know about all of the elected officials in Washington, but I do know many them have been there thirty or forty years. How can they have any business experience at all if all they have ever done is spend other people’s money, and not very wisely, I might add? They are passing so many regulations these days, how about passing one that limits their stay on a government job.
_____________________________________________________________________
On another note…...several months ago, in haste, the Federal Trade Commission (FTC) came out with a new ruling. The thought was good, but their planning was terrible.
Here was their thought; some homeowners might look at alternative options to a foreclosure such as a short sale. To help protect these homeowners the FTC came up with the Mortgage Assistance Relief Services (MARS).
The rule’s intent was to help protect distressed homeowners from mortgage relief scams, but it was so broadly written, in their haste, that it required real estate agents, acting in their licensed capacity to comply when they negotiate with a lender on the terms of a short sale.
This rule went into effect in December, 2010. Now, in July, 2011 the FTC has announced they will forbear from enforcing most provisions of MARS against real estate professionals when acting in their licensed capacity.
First, this is what happens in big government, they try to fix things and mess it up more. Second, to my understanding, the law is still there. They only said they would not enforce parts of it against real estate agents. Should we TRUST them?
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