Welcome to the future…the new American Dream…Home Renter-ship.

Earlier this year we reported that in Florida the FHA was experimenting with a new program whereby the homeowner gives the deed back to the bank,…..then RENTS the house…the very same house they ‘owned’. You read that correctly…the Federal Government is about to become the single biggest single family landlord in the world.

(Of the joys of property management…)

What kind of job will the Fed do as a landlord….will they evict home renters when they are late or don’t pay….who and HOW do they determine what the monthly rent payment will be…what effect will this have on existing landlords now that they have to compete with the government for tenants?

Will this program work…? What do you think?

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