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Updated over 15 years ago on . Most recent reply

Adam Anderson's profile image
Adam Anderson's profile image
Adam Anderson
  • General Contractor
  • from Midland, Texas
  • Member since Jan 5, 2008
Connect

User Stats

160
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24
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Adam Anderson's profile image
Adam Anderson's profile image
Adam Anderson
  • General Contractor
  • from Midland, Texas
  • Member since Jan 5, 2008
Connect
Adam Anderson
  • General Contractor
  • Midland, TX
24
Votes |
160
Posts
Real Estate News & Current Events

Obama mulls rental option for some homeowners-sources

Adam Anderson
  • General Contractor
  • Midland, TX
Posted

I came across this article on the idea of the administration to allow some homeowners to stay in their home and become renters.
http://www.reuters.com/article/marketsNews/idUSN1429265720090714?rpc=77

What happens when the former home owner can’t afford their rent? Mortgage payments are generally less than rent aren’t they?

This doesn’t seem like a solution to me it seems like putting off the problem.

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