{"id":1464,"date":"2007-10-18T05:51:44","date_gmt":"2007-10-18T10:51:44","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=1464"},"modified":"2007-10-18T05:51:44","modified_gmt":"2007-10-18T10:51:44","slug":"the-landlord-subsidy-act","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=1464","title":{"rendered":"The Landlord Subsidy Act"},"content":{"rendered":"<p><a href=\"http:\/\/www.startribune.com\/10241\/story\/1491676.html\">Minneapolis lefties<\/a> (ACORN, in this case) want to freeze foreclosures in the city:<\/p>\n<blockquote><p>An advocacy group has started a campaign calling on the Minneapolis City Council to support a three-month voluntary freeze on foreclosures in the city to give some borrowers more breathing room.<\/p>\n<p>The proposal by the local chapter of Minnesota ACORN, a community advocacy group, would target loans made by the 25 largest subprime lenders to owner-occupants. Subprime lenders typically offer less favorable terms to borrowers whose credit record disqualifies them for conventional loans.<\/p>\n<p>ACORN turned to the City Council after getting turned down by the Hennepin County Board. ACORN also will talk to St. Paul officials.<\/p><\/blockquote>\n<p>Will they ever learn &#8211; &#8220;buyer protection&#8221; legislation makes it impossible to <em>be <\/em>a buyer?\u00a0 I&#8217;m no economist (paging King Banaian!), but if you gut the lenders&#8217; recourses for dealing with bad loans, all you do is prevent all lending?<\/p>\n<p>Remember five years ago, when the last of the Ventura-era legislatures (controlled by the DFL) passed &#8220;buyer protection&#8221;\u00a0 legislation against insurance companies, and made it nearly impossible to buy homeowners&#8217; insurance?<\/p>\n<p>There seems to be just a whiff of sanity in Minneapolis, at least:<\/p>\n<blockquote><p>Just three of the 13 council members &#8212; Gary Schiff, Don Samuels and Cam Gordon &#8211;have spoken in support of the proposal. Council President Barb Johnson said she isn&#8217;t sure how the proposal will fare in the full council.<\/p><\/blockquote>\n<p>It&#8217;s Minneapolis.\u00a0 I call it a tossup.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minneapolis lefties (ACORN, in this case) want to freeze foreclosures in the city: An advocacy group has started a campaign calling on the Minneapolis City Council to support a three-month voluntary freeze on foreclosures in the city to give some borrowers more breathing room. The proposal by the local chapter of Minnesota ACORN, a community [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,35],"tags":[],"class_list":["post-1464","post","type-post","status-publish","format-standard","hentry","category-minneapolis","category-money"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1464"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1464\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1464"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}