Chavez is gankin' his citizens property left and right, lots on this board seem to jock his coat tails. Why is it diff. is US gov't does the same thing?
I've heard rumors of a census down there and it's going soviet style, i.e. let's say you have a 4bdrm home, and it's just you and your wife. You may be getting 3 more roomates, b/c of the empty rooms in the house....
At least if they do it here, it can kill two birds with one stone. The gov't 'buys' peoples homes to set up these windfarms. They payoff the old loans, some walk away with a profit, others who are underwater just get to walk away. This can create a new demand for the declining housing market as their homes will be destroyed, thus inventory drops, they buy all the bank owned REO's, foreclosure, pre/forclosure, short-sale properties, recover the housing market, create new jobs for a brand new industry, that has a benevolent impact on the enviornment and saves the economy. Yay, I got the game winning idea!