Today I stumbled across an article making reference to the Good Neighbor Next Door Program.
Only to trip over the Dollar Home Initiative.
As a taxpayer I feel like I’ve been duped.
If you’re part of the “club” you’ve probably heard of it. I’m not part of the club nor have I heard of it.
It seems that there is legislation in place that offers law enforcement officers, teachers and firefighters/emergency medical technicians the opportunity to buy homes for half price through HUD.
HUD homes are dumps right? Below is a screen shot of a HUD home available. The house below was sold for $142,747 on 07-2003 according to public records. If you’re part of the club you can snap it up for $30,000. I wonder if they get an additional $8,000 for the federal home buyer tax credit too?
Yep. If you’re part of the “club” you can purchase a HUD home for half price, live in it for 3 years and resell it and keep the profits. Great deal — if you’re part of the club.
I’ve made my way through life with the belief that personal goals can be met through hard work, sacrifice and responsible budgeting regardless of income level. The proverbial squirrel saving his nuts for a long winter — not quite sure knowing how long that winter will be.
I thought everyone lived by those rules of personal accomplishment.
For years we’ve been told that government workers are underpaid and overworked.
We believe what we’ve been told and it’s in bad taste to question or refute the idea that government workers are being overworked, underappreciated and earning near minimum wage.
We don’t know how much they earn.
We don’t know what their benefit package is.
We don’t know what their pension plan looks like.
We believe what we’ve been told.
There’s also the Dollar Home Initiative where local governments can purchase a foreclosed single family FHA/HUD-owned home for $1 if it’s been on the market for over six months. Local governments may partner with local nonprofit home ownership organizations to resell the homes to low- and moderate-income residents.
Funny thing. ACORN used to have a nonprofit home ownership organization called “ACORN Housing Corp.” Out of curiosity I typed in www.acornhousing.org and landed instead at https://secure.ahcoa.org. Is ACORN Housing still in business, but with the new name of “Affordable Housing Centers for America?”
Somehow, somewhere the rules changed in America and no one told me.
I wonder how many other special deals are out there for club members.