Saturday, July 23, 2011

Better Slums and Gardens


Kudos to the brilliant Photoshoppers over at the blog IOwnTheWorld for this picture.  They are my heroes.
This comes with the news, as reported by the Wall Street Journal, that the Obama administration is "examining ways" to get rid of foreclosures by renting them to . . . well, I guess the same sort of people who foreclosed on them in the first place.

And why? "[B]ecause rents are rising even as home prices in many hard-hit markets continue to fall due to high foreclosure levels."

So Obama is thinking it would "help stabilize the housing market" if the taxpayers government (a) bought foreclosed homes, (b) invested the taxpayers' moneyto fix them up - ask my friends who flip houses how easy that is - and (c) rent them below market or with a subsidy to the type of welfare recipients people who couldn't afford to care for them to begin with.

Brilliant idea, just as was Cash for Clunkers.

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