Image via WikipediaLast night I was reading a recent WSJ article regarding foreclosed properties. As I continued to read, I became more concerned about the role our Federal government is playing in the current housing situation. In a nutshell, the article in the WSJ states that the Feds want to allow groups of investors to purchase the glut of empty foreclosed homes and convert them to rental properties.
The Feds then want the investors to use property management companies to manage them.
Isn't this just outsourcing what the Federal government has been doing with HUD? Has that really worked?
How many of you think this is a good idea?
Read the full article here. Feds To Play Landlord
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