The only thing that has happened is that the government has spent BILLIONS of dollars propping up prices with their home-buyer programs.

Trust me, those may be the only two companies in this country managed worse than the government...

Banks, appraisers, realtors, the government, loan officers, the secondary market, etc. etc. etc.

How the government can cut $500 Billion dollars from a program that is already broke, but will continue to operate and expand, is beyond me.

Who's video is it, did a government agency release it or is it by someone who is selling something, a program maybe?

As soon as reality sets in and the government checks for welfare, medicare, medicaid, SSDI, free cell phones, food stamps, etc, etc, etc. stop being sent or are seriously cut back, the economy will collapse and civilization will break down.

First, thank you for posting...Second, thank you for posting in the real estate forums, and not the Politics forum...while this is clearly good fodder for over there, it's better here...This is clearly a ridiculous rule, for lots of reasons...if you want to protect renters, that's great...but don't pretend like you're protecting renters just to generate revenue for your government department...

There's a LOT of conflict involved in being a LL that will come at you from many directions: neighbors, government, tenants, repair-people, and so on.Your best defense is a strict adherence to all codes and laws, a clear and enforceable lease, and documentation.Unfortunately, in spite of being totally in the RIGHT you can still show up in small claims court and LOSE!

I have written about this subject over on the Bigger Pockets News Blog for months... and the general consensus I have found is that we are headed to a double-dip and it will stay that way until unemployment stablizes.That coupled with all of the anticipated changes in Governement policy and we are in for one hell of a ride.For real estate investors... stay limber... don't be afraid to adapt to the changing conditions and keep the communications open, right here on BP, to what each of us is experiencing.

Since the assets they purchased are government backed, they had a number much higher than the retail market would allow.