Renting Vs Buying,
In the wake of the recent housing crash a lot of arguments have been made that the federal gov't's policy of promoting home ownership through Fannie and Freddie was a mistake.
Silver Oaks Place, senior community.
Silver Oaks Place provides a complete environment, from the warm, friendly social center to the outdoor swimming pool, library, hobby shop, exercise room, and recreation room.
No entrance fee. -- Flexibility of monthly rental.
1st and 2nd floor suites available.
Fully carpeted and air-conditioned apartments.
Basic kitchen appliances provided.
Controlled-access entry door and intercom system.
Laundry facility in each building.
Ground and building maintenance provided at no additional cost.
Emergency ground and building maintenance on call 24-hours a day.
13 acres of beautifully landscaped grounds. -- Pets allowed.
I don't get it Devo? It seems nice, what's the point?
84-year-old William Cowling loves Silver Oaks, the community he has called home for more than 13 years.
Recovering from a lengthy hospital stay, Cowling says he was stunned to get an eviction notice telling him and more than 200 of his neighbors that they have only two months to find a new place to live.
"There was rumor that someone was trying to buy [Silver Oaks], but we didn't think no more about it until we got this notice. It said we had to be out October 1st. We were all being evicted," said Cowling
Most of us here have lived and grown up in a period of expanded middle class wealth and property ownership partly because of the work of a fully Government run and managed Fannie and Freddie from 1930's until the late 1970's when they were given over to private ownership. Before 1930 people were faced with a different reality, as those who took employment lived predominantly at the whim of their landlords. I think those people chose a better path for themselves than the one we are on.