Everybody hold on to your seat, the government has another big idea. Maybe this one will work but if history tells us anything it is that anytime the government steps in to fix something they make it worse than before. So here is the new idea. The government is looking into selling very large amount of foreclosed homes in bundled packages to investors to turn into rentals. We all know they will forget to put the stipulation in there for them to be rentals though. If they do turn them into rentals that should ease up the tight rental market that is pushing the rental prices up. Is that good? Depends upon if you are the landlord or the tenant. What are the unforeseen consequences? Time will tell but one thing for sure is something must be done to improve real estate values to entice people to buy again. Not that the prices need to be lower but buyers want to feel like it is a wise investment. The thing is, a majority of buyers will wait till the prices start going up then all jump in at the same time pushing prices up even higher.
Read the full article here: http://www.cnbc.com/id/45056823/Investors_Show_Interest_in_Foreclosure_Plan
