The Right to Rent Plan

Publication Date:

Publisher: Center for Economic and Policy Research

Author(s): Dean Baker

Research Area: Social conditions

Keywords: Home ownership; Affordable housing; Recession

Type: Report

Coverage: United States

Abstract:

This issue brief discusses a plan that would effectively deal with the mounting problem of home foreclosures in this country. The main point of the plan is that those who are facing foreclosure should have the option to remain in their home for a substantial period of time as renters. There are also numerous advantages in enacting Right to Rent legislation: it is simple, it can take effect immediately, it requires no taxpayer dollars, and it creates no new bureaucracy.