Feds are considering turning foreclosures into rentals.....deja vu..circa 1988

The Obama administration is changing its position on housing by offering the foreclosure market to investors to utilize as rental property.  We had the same situation in the late 1980's when the RTC funding was cut by congress.  The RTC was then forced to  liquidate what we now refer to as "toxic assets" to fund their in house payroll.

How do you think this will impact already ailing prices?

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