What Is The Housing Bailout?

In 2008-2009, Barack Obama pushed and passed legislation that would spend billions of tax payer dollars in order to “bailout” Americans that were underwater due to the Great Recession that began in 2007. We believe that bailing out homeowners that had taken too much equity out of their homes, hence were now under water on their mortgage loans, is a huge tragedy. Many of those home owners did not save the equity in their home for a “rainy day”, like the Great Recession. Instead, the U.S. Government bailed them out with billions in taxpayer dollars. Here are a few reasons why you should oppose the bailout.

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About Us

Angry Renter is movement.  We have set out to be a voice for all renters across the U.S. that have been taken advantage of by landlords and real estate investors, in an effort to maximize profits and pad their own pockets, while leaving tenants/renters holding the bag when the dust settles.  During the recession a few years ago, professional home buyers in Texas & real estate investors across the U.S. pocketed thousands of dollars from their tenants, while not paying the underlying mortgage payment, thereby becoming delinquent on their mortgage.

Under normal circumstances, banks would simply foreclose on the underlying mortgage, and take back the assets, but  instead the U.S. government decided to bail out mortgage companies across the U.S., thereby bailing out the investors that were profiting hand over fist from their tenants.  Here at AngryRenter.com, our core aim is to shed light on the travesty that’s occurred.

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