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.

via Metro – Tenants run risks in renting rooms.

The Neighborhood Assistance Corporation of America (NACA), who claims to be the largest homeownership organization in America is criticizing President Obama and the U.S. Department of Housing and Urban Development claiming both have been ineffective in helping the American homeowners.

via  agentgenius 

“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”

via The Big Picture.

Donovan take[s] an anti-investment position as he separates them from homes of primary residence and alludes to homeownership almost as a right, also alluding that real estate investment homes are subject to being rejected as less than worthy.

via agentgenius .

For those needing yet another reminder of how in America the incestuous conflicts of interest between the various branches of government and Wall Street run to the very top, here is Time with an article highlighting yet another example of impropriety. Today’s case focuses on Iowa’s Democratic Attorney General Tom Miller, who at least superficially took the noble lead on the investigation by all 50 state attorneys general into the “robo-signing” foreclosure scandal. Alas, one look below the surface reveals that we may be days away from a very ignoble and very BAC-friendly settlement, courtesy of a few backroom “arrangements” brought to you by none other than Bank of America’s petty cash account.

via zero hedge.

The fate of that ordinance now is in the hands of Judge Eric Hylden after the landlords’ attorney, J.D. Feriancek, asked the court to extend a temporary injunction granted by Judge John DeSanto last week. That restraining order has blocked the city from implementing the rental ordinance, which is designed to control the conversion of single-family homes into college-neighborhood rentals.

via Duluth News Tribune

North Miami Beach Mayor Myron Rosner says he has had enough of negative activists pointing out their perceived grievances against him and the city.

via MiamiHerald.com.

Through “truly Machiavellian actions,” San Bernardino violated its contract and let the downtown Carousel Mall fall into disrepair, so the city can seize it on the cheap and build a government center there, the mall’s owner claims in Federal Court.

via Courthouse News Service.

With the medias laser-like focus on the Obama-Republican tax deal, heres a story thats underreported: the Obama Administrations coddling of the Big Banks and simultaneous neglect of homeowners facing foreclosure.

via The Nation.

A Postville landlord has filed discrimination lawsuits against the city, the city clerk and two council members, alleging that their actions devastated his business.

via The Des Moines Register.