[quote=jpinpb]If everyone gets money from the gov, that would homeowners and renters. If just the homeowners get bailed, the renters get screwed again, doubly, b/c their tax dollars will/is helping the bailout.[/quote]
Depends on how you look at it. Renters presumably have jobs. Many of those jobs would disappear in a depression. So avoiding a depression would be in renters’ best interests.
Also, the average – note I said AVERAGE – renter probably earns around the median income or below. These folks don’t pay much in the way of income tax anyway. So they won’t be paying for a big piece of the various bailouts either.
Finally, prices are going to continue heading down regardless, so renters who want to buy are still going to come out ahead. And for folks that want to keep renting just because they like renting… how are they getting screwed? I’m not seeing it.
