FHFA Bulk REO Rental Program Impact
Though I had thought I had seen already discussed I could not find the thread. Is anyone thinking about the impact of the FHFA/Fannie/Freddie plans to sell Bulk REO to be used as rentals?
How about the depression of rents? They are literally discussing selling hundreds and hundreds to a single buyer/landlord in specific markets. Will this not steal wealth from landlords already in these areas?
What about the impact on the markets overall? How about the severe reduction fix/flips available? This could have a major impact on all of us, anyone talking about it? Maybe it's in a different thread?
There are 92,000+ Fannie / Freddie homes at any given time in the pipeline (July 2011 stat) these homes have a 120 day turn time with a constant set coming in and leaving.
Anyone concerned?
Most Popular Reply
I'm waiting for the Government to tell us how much we are allowed to rent our property for.