FHFA Continues to Push For a Renter-ship Nation

So the government is continuing their push to take home ownership out of the hands of private familes and individuals and to give these foreclosed-on properties to large corporations who will not sell these homes, but keep them as permanent rentals. 

96 properties were just sold in Chicago, and a whopping total of 699 properties, so far, in Florida. Other metros in Nevada, Arizona and California have fallen prey to this new government endeavor, also. It's interesting to note that there is an inventory shortage going on across the country that is driving prices up - an inventory shortage that is caused by lenders, like Fanni Mae, choosing to hold onto properties rather than put them back out into the market.

Well, now we know why they are doing this and what there long-term goal has been: To put houses into the hands of giant corporations and turn our nation slowly into a nation of renters and not private homeowners.

To read the details, click here to read the full article at DSNews.com . . .