Makes A Lot Of Sense, Except To The Former Owners

Trade your home for rent. Hey don’t they have commercials advertising that very thing. I doubt you were fooled by that, were you.

You bought your home as a future appreciating asset, not so you can rent it. So how does this make sense to anyone … OBAMA: ‘MAKES A LOT OF SENSE’ TO RENT FORECLOSED HOMES TO FORMER OWNERS … During the Zillow Online Housing Chat, President Obama spoke with Spencer Rascoff, Zillow’s CEO who moderated the online questions. At one point the President entered into a discussion of the business merits of bulldozing or renting out properties which have gone into foreclosure because the original owners’ mortgages went underwater.

 

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