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.