On Fri, Apr 16, 2010 at 4:27 PM, Michael Meeropol <[email protected]>wrote:
It cures two problems at once --- > > 1) no one is kicked out of their homes > > 2) no empty homes to ruin neighborhoods and depress housing prices further. > It wouldn't do either of these things as broadly as you imply. Delinquent homeowners would be protected, but renters, who occupy something like half of foreclosed properties, would not. This exclusion is particularly odious as renters are typically much lower-income than owners and will, we may safely assume, face fewer options upon eviction. -- "Hige sceal þe heardra, heorte þe cenre, mod sceal þe mare, þe ure mægen lytlað."
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