Posted by Eric C on November 21, 2002 at 11:17:17:
Hi Anne -
Thanks for the URL; its another reminder of why investors might want to lower their profile just a bit.
I mean, nothing like this could ever happen in your town, right?
PS – the city council is one thing, but it can get worse. Judges have been known to stay both evictions and foreclosures and even to demand that landlords stop collecting rent entirely.
Gee, thanks. I always wanted to own a third world country complete with a welfare department. Kinda makes that mortgage payment a bit harder to swallow, don’t it?
Elected judges, wouldn’t you know.
Ah well, at least it “thinned the herd” a bit. Who was that guy awhile back saying equity wasn’t worth anything?
I like folks who think like that – they’ve made me a lot of money over the years. You take care now, hear?