Barack Hussein Obama, Commander in First we had George W. Bush with his "homeownership plan". Now we have Obama with his "home rentership plan".
Having your government as the landlord is a great thing, isn't it.
Ahhh, yes, change!
2009-08-16: Rentership Society
WASHINGTON - The Obama administration, in a major shift on housing policy, is abandoning George W. Bush’s vision of creating an “ownership society’’ and instead plans to pump $4.25 billion of economic stimulus money into creating tens of thousands of federally subsidized rental units in American cities.
The idea is to pay for the construction of low-rise rental apartment buildings and town houses, as well as the purchase of foreclosed homes that can be refurbished and rented to low- and moderate-income families at affordable rates.
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