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July 31, 2026
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One idea the Administration is exploring: allowing Fannie, Freddie and FHA to keep an ownership stake in the properties by converting them to rentals in partnership with private investors. When the market recovers, the government would sell the homes for more than they could get now and not risk glutting the market. Structured properly, such joint ventures could reduce the impact of foreclosures on struggling neighborhoods.
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Wait does the USA currently do joint ventures or will this be the first time this has happened? I kno they do acquire companies if shit hits the fan, but can't think of join ventures they have done in past ....
Halp~~~~!
This goes back to that post Eddie put up a couple of weeks ago (maybe it was in Bonus Bananas?) about bulldozing several thousand foreclosed homes. Maybe that's what's needed here on a grander scale.
I wish the same happen in Tokyo, Hong Kong and Seoul
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