Word: rente
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Dates: during 2000-2009
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What if people who lost their homes to foreclosure could rent them back from the lenders that repossessed them? That idea, which has lingered on the outskirts of the housing-crisis debate, got a boost last week when the federal housing agency Fannie Mae said it would start offering leases of up to 12 months when other avenues to keeping families in their homes, like loan modification, dead-end. "It's a big step forward," says Dean Baker, co-director of the Center for Economic and Policy Research and a longtime proponent of rent-back programs...
...Within a matter of days we managed to rent vans and get hotels and drive to Pittsburgh for her funeral,” she says...
...homeowners in his article "Get Homes off Welfare" [Oct. 12]. I don't know if it is politically feasible or desirable to remove all benefits, but how about dismantling tax benefits for owners of second homes? In many European countries speculators build tax-subsidized holiday homes, and then rent them out at exorbitant rates while receiving substantial tax relief on their mortgages. The result is to price local people out of the property market while losing agricultural land to so-called residential development, which may well stand empty for more than half the year. Tax benefits for property speculators...
...even as the economy improves. "Companies will need to hire new staff and restart advertising and marketing campaigns which they pulled during the recession," he says. "Bartering frees up cash for that." It's a concept he obviously believes in: the firm uses its trade credits to pay the rent on its U.K. headquarters...
...Those revelations, as well as the disclosure that he failed to pay rent on an apartment at several points earlier this decade, have hardly helped Pugh's candidacy. In recent days, the editorial boards of both the Detroit Free Press and the Detroit News pulled their endorsements of him. (The Free Press wrote: "It's simply unreasonable for Detroiters to trust him with their city's finances after he so negligently managed his own.") Pugh dismisses the criticism, and says his financial troubles will actually endear him to voters in a city experiencing some of the most extreme effects...