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Any thoughts on what this would do to home prices?

Started by e76
almost 17 years ago
Posts: 226
Member since: May 2009
Discussion about
http://www.reuters.com/article/marketsNews/idUSN1429265720090714?rpc=77 NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday. Under one idea being discussed, delinquent homeowners would... [more]
Response by 30yrs_RE_20_in_REO
almost 17 years ago
Posts: 9897
Member since: Mar 2009

It's insanity. How would you determine the rent? You'd need a whole new agency to administer it. And then when they fall behind in their rent payments? (because if they are anywhere near their mortgage payments, they wouldn't have gotten themselves there to begin with).

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