Recently The Chicago Tribune ran the article “Filling empty homes – A promising idea to get renters into foreclosed housing”. In it the author gives his opinion on the news that has been percolating lately that the government is going to sell bulk REO’s to the private sector and encourage investors to make them long term rentals. (Sounds like a company we know!)
He goes on to make strong points on why the market, not the government, is the key to fixing our nation’s housing crisis and how this solution not only creates activity but also lessens the burden on taxpayers. He even gets right to our heart when mentioning “the tricky task of managing properties”. A great read by an author who gets it.
That’s MACK’s position.