I just can't figure out why the 1 percenters are so hated.

It must be cause people are stupid.

"I'm from the private sector, and I'm here to help."

A simpler plan would to let the foreclosed on owner stay until new a new owner or renter is found. That would stop the gutting of homes as soon as they are vacated. This is a huge problem in cities like Cleveland. This would also help stabilize home values.

Bob16: I just can't figure out why the 1 percenters are so hated.

It must be cause people are stupid.

I saw an article in an Ottawa newspaper where they interviewed some rich Americans who thought the "dirty, unwashed hippies" were just jealous of their hard work, and could think of "no rational reason" why "every hard working capitalist" is hated.

Blew my farking mind. Up until that point I held the vain illusion that maybe, just maybe, some of them were actively aware of the horseshiat sandwich they were peddling to the masses.

Counter_Intelligent: "I'm from the private sector, and I'm here to help."

Exactly

tomcatadam: Bob16: I just can't figure out why the 1 percenters are so hated.

It must be cause people are stupid.

I saw an article in an Ottawa newspaper where they interviewed some rich Americans who thought the "dirty, unwashed hippies" were just jealous of their hard work, and could think of "no rational reason" why "every hard working capitalist" is hated.

Blew my farking mind. Up until that point I held the vain illusion that maybe, just maybe, some of them were actively aware of the horseshiat sandwich they were peddling to the masses.

They use their money to "protect" them from having to deal with the things life throws at them to make them learn and mature.

Counter_Intelligent: "I'm from the private sector, and I'm here to help myself. My services can be purchased at a "reasonable" price.."

So wait, the investment firms are proposing to help the government manage foreclosed homes owned by Fannie and freddie? Why is this a problem?

The "fair housing advocates" want govt to use the properties to accomplish "social goals".

Which option do you think will provide a better return to the taxpayer? Go with that one.

(hint: selling or renting at market rates ALWAYS provides a better return than giving stuff away below market)

If the government wants to see what a bang-up job Fortress Investments does with real-estate based companies, they should take a look at how it worked out when they bought Intrawest.

/hint: mass layoffs

Debeo Summa Credo: (hint: selling or renting at market rates ALWAYS provides a better return than giving stuff away below market)

For the banks. Not the taxpayer.
The taxpayers could use homes at low prices, not a brand new crop of landlords desperately trying to keep the housing bubble from deflating.

Sergeant Grumbles: Debeo Summa Credo: (hint: selling or renting at market rates ALWAYS provides a better return than giving stuff away below market)

For the banks. Not the taxpayer.
The taxpayers could use homes at low prices, not a brand new crop of landlords desperately trying to keep the housing bubble from deflating.

No, the taxpayers (who own the homes via Fannie and freddie) could use market prices to offset some of the funds weve sunk into the GSEs.

Should the taxpayers have to sell or rent for less than market value just to benefit a few lucky beneficiaries? Fark that. Charge what the market will bear.

Debeo Summa Credo: Should the taxpayers have to sell or rent for less than market value just to benefit a few lucky beneficiaries? Fark that. Charge what the market will bear.

Why do you think that's what's going to happen?
You have investment firms trying to prop up housing prices who will benefit from managing these properties at the expense of the taxpayer. If the taxpayers already own these homes, as you yourself have said, then no middle man is needed.
You say charge what the market will bear. I say the market is so over-manipulated that it's a worthless indicator of value.
You say the taxpayers will benefit. I say the taxpayers don't need a brand new set of landlords to inflate housing prices.