(Reuters) – Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing.
The law was created to target residential buildings illegally converted into makeshift hotels, but still applies to those who rent out their room for a night or two on popular sites like Airbnb.com.
Stuck with homes they no longer live in but cant sell, owners who dont want to walk away are reluctantly resorting to renting them out to try to cover expenses.
A federal housing agency is accusing a western Wisconsin landlord of refusing to rent a rural house to a single mother because there was no man to live with her “to shovel the snow,” but the property owner said Saturday that she was simply watching out for the womans welfare.
“Fairness dictates, and the Fair Housing Act requires, that housing decisions not be based on outmoded stereotypes of people’s `place’ in our society,”
via Journal Times.
You’d have to think that, at some point, the Commerce Department is going to lose interest in reporting the monthly housing starts data since, if the graphic below were an EKG, the patient would clearly be dead.
via Seeking Alpha.
A candidate who ran for New York governor because “the rent is too damn high” says hes being evicted from his rent-controlled Manhattan apartment because his landlord wants to charge a new tenant more.
The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter.