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John Feldsted
Posts: 161
Joined: Fri Jan 10, 2020 11:45 am

Setup for corruption:

Post by John Feldsted »

Coronavirus: Feds pushed on plan to buy vacant properties for affordable housing

By Jordan Press
The Associated Press
Global News
September 12, 2020
Federal officials are ironing out the details of a program to help cities buy properties left vacant due to the coronavirus pandemic so they can quickly create affordable housing.
https://globalnews.ca/news/7330923/coro ... paign=2020

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This is a disaster in progress. With federal funds to buy properties, cities have no incentive to buy prudently. If prices paid are not well below market values, the properties cannot become affordable housing without a major write-off.

As P. J. O'Rourke observed: “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.”

As proof, consider our outrageous cell phone and cable costs. The media giants own our government.

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