Romney’s housing plan: 'Allow investors to buy up homes' by accelerating foreclosure process

[abelenkpe]

Romney’s housing plan: 'Allow investors to buy up homes' by accelerating foreclosure process

http://www.dailykos.com/story/2011/10/18/1027702/-Romney%E2%80%99s-housing-plan:-Allow-investors-to-buy-up-homes-by-accelerating-foreclosure-process?via=blog_1

Ahead of tonight's GOP debate in Las Vegas, Mitt Romney tells the Las Vegas Review-Journal that the problem in housing is that banks haven't been allowed to foreclose on enough people, making it more difficult for investors to buy underpriced properties to rent to former homeowners:

(snip)

Notice that the entire video clip is only 30 seconds long, which was really thoughtful of Mitt, because I'll guarantee you those words will be showing up a in a campaign ad if he gets the GOP's nomination. It's not just that he's saying we need to help banks put more people out of their homes, it's not just that he's saying we need to do it until we hit bottom, it's that he's also saying that then and only then will "investors" feel comfortable buying up homes so that they can rent them out to the people who used to own them.

(more at link)

[bullwinkle428]

1. He couldn't have come up with a more naked "rich get richer" proposal

if he tried.

[babylonsister]

2. Now that tactic should win friends and influence people. nt

[abelenkpe]

4. In Las Vegas!

That should go over well there.

What a maroon.

[valerief]

3. If you don't believe the most important thing in the world is to make rich people richer, then

you're in denial. This is a perfect example of the most important thing in the world.

[sinkingfeeling]

5. And I'm sure that includes foreign investors as well. Anybody in the 1% is welcome!

[aint_no_life_nowhere]

6. I'd like to photoshop the picture of Mitt stuffing $100 bills in his suit pockets

superimposed on his $12 million mansion that he's tearing down to build a REAL house. How many houses does this guy currently own. Anyone know?

[JuniperLea]

7. The investors buying up property

Was clearly all part of the original plan. Then we will all be without homes of our own, and be forced to pay exorbitant rents to these investors.