To protect houses from falling prices (why?!) Obama admin is considering converting foreclosed properties into rentals. Of course these will be means tested rentals, that is you will be obliged to stay where you are and pay 25% of your income. You may pay $1500 a month, the yahoo next door, $100 per month. If you get a raise, your rent goes up.
Your pension will be allocated to your house... all of this is so predictable. To whom will you turn?
Wednesday, August 10, 2011
The End Game
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