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Would houses go away if the Department of Housing was evicted?

Do you see that building that is trashed but it looks like it was built 3 years ago. That's a HUD (Housing and Urban Development) project. They choose to build new things in old, crime infested neighborhoods just to do social experiments. When they really fail, they give money to people with 8 kids and no job and they can move in anywhere as a Section 8 family and destroy that neighborhood too. Soory Batte. I won't but you are free to leave your head up yours FHA loans???? This is how we got into this mess..er...horror.

Public Comments

1. The War on Poverty (of which HUD is a part of) takes over HALF the US budget time to bring home the HUD troops from the war on poverty
2. Department of Housing had nothing to do with American Ghost Towns. That is 95% the fault of shenanigans on Wall Street. Read the FCIC. Turn off Fox it's bad for your heart.
3. A lot of good housing is protected by the FHA. Go write a novel to peddle your horror stories.
4. no because the free markets would step in and build houses for them
5. Here's how it works: So, what caused your economic crash? Administration of your real estate markets, mostly by banksters, caused your economic crash. An analysis of existing entities FNMA and FHLMC can expose such mismanagement… Investors have been seizing property (owners of FNMA and FHLMC pooled loans) – most of which are banks (and these investors may, in fact, hire special types of banks to foreclose on their behalf or in their service, for a fee -- called "mortgage banks" or "mortgage servicers"). FNMA and FHLMC are investor pools -- FNMA and FHLMC are in fact loan pool administrators in service of private investors. FNMA and FHLMC are not subsidized -- they are funded by investors (again, most of which are banks). FNMA and FHLMC initially purchase pools of loans, and then offer them up for sale to investors. Investors then take advantage of interest earnings from the loans they now own within FNMA and FHLMC loan pools. The purpose of FNMA and FHLMC are to create liquid markets for specifically residential real estate loans. Without the existence of FNMA and FHLMC, residential real estate loan pools would not prevail in any measure enough to create ample private home ownership as you now know it. Yet FNMA and FHLMC are only part of the equation. No US rich class investors would invest even in FNMA and FHLMC loan pools if the loans were not insured. Enter FHA and other private loan insurers, which guarantee certain levels of loan recovery in the cases that loans default. These insurers are funded by borrowers (you) with your monthly loan payments. So, if FNMA and FHLMC had not been placed into conservatorship and re-funded in 2008, then investors would have been the ones out in the cold. In other words, the rich would have lost -- since there were not enough borrowers keeping up monthly payments to fund the numerous defaulted loans (overly numerous defaulted loans the result of shady lending techniques by banks, which sell loans to FNMA and FHLMC, and the result of layoffs by US rich class owned corporations who relocated to China among other slave labor regions). The whole system would be fine if not for unethical, greedy US rich class pool administrators and investors (again, most of which are banks) that fail to analyze purchased loans, if not for greedy banks that lend shadily for fees to FNMA and FHLMC, and if not for disloyal and greedy US rich class corporate administrators that lay off US workers to relocate overseas. And so, the solution is to educate your society on the merits of ethics, loyalty, and lack of greed (i.e. sharing and honor).
6. No, predatory lenders would move in.