Gov't considers turning foreclosures into rentals

and what does this mean for individual as well as corporate landlords in the areas in the vicinity of, i guess, clusters of these govmnt owned rental properties?

just that some people had been saying that rental properties are where it's at. wondering what they think about this. seriously wondering, not like tricking you into an argument. because i, too, thought it sounded like a good idea. i guess the obvious answer is to avoid buying rentals in hard hit areas where there are already a lot of foreclosures and could reasonably be foreseen to be more? but that's where the bargains are, hence my query.

Smart idea. If we had more smart ideas like that I might actually believe in gov't

but don't you think it pretty much removes the possibility of free market rent in those areas? for private landlords, i mean.

i say this because these a homes not designed and built like government housing. outside of new york, people who can avoid government assisted housing developemts like the plague, because they are just awful and depressing to live in. if "regular" houses and condos became goverment property private landlords would have to compete with them. outside of new york metro area. is that not a legitimate conclusion?

and from the perspective of addressing our national housing needs, stabilizing housing costs, this kind of influence is probably a good thing - for people in need of housing. but should probably become a factor in the profit motive for aspiring landlords in those areas. i think. fwiw, and oversharing here, but i lost a sh*tload of money the first time around in rental properties in florida because i wasn't paying attention and as an adult i should have been. no one to blame but lucille for passing out at the wheel. there's a reason alex became a bluth. since then, have done relatively ok, will be first to admit often thanks to the great advice and ideas here. but this just seems like a real possible problem.

on the other hand, it could act to keep rents artificially inflated to prices that a broke nation can't bear without government assistance. and actually, the government being a landlord, could give that lobby much more influence than already exists. hhmmm. things to ponder.

and since you can't really deny that so many profitable entities today are only able to make that profit because the government is on their side, it does make sense to be on the same side as the government. but how to know if you'll be on the same team or competition? hhhmmmmmm

you guys are useless. i'll go bother someone smart in real life.