[Note: This is a longer version of the original, which was posted on AOL Housingwatch a few days ago. I'm crossposting it because Notorious ROB has no space constraints and my readers are used to 2,000 word posts, heh. 
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In Part 1 of this series, where I laid out why I believe the 30-year fixed rate mortgage (among other features of contemporary homeownership) was on its way out, to be replaced by a far greater emphasis on rentals. So let’s take a brief look at what the future of rentals might look like, since many of you reading this now will be renting for a lot longer than you had ever imagined.
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In part 1, I laid out some hints of what the Obama Administration has in mind for a new federal housing policy that would “reset the rules of the market” and engage in a “fundamental rethink” not just of the mechanics of housing finance, but of the objectives of housing policy themselves. The Treasury now has all of the comments that it requested from the public and we can expect to see a proposal from the Administration sometime this fall or early next year.
In this post, I’d like to engage in the purest conjectures about what such a policy might look like. I know that assumptions are dangerous, and any conjecture at this early stage is more likely to be wrong than right, but… hey, this is fun. (If you’re a real estate and politics geek like me anyhow.) So here we go.
