Friday, August 15, 2008

A Salute to the Ownership Society

by Tanta on 8/15/2008 01:15:00 PM

I guess it's just Freaky Friday on the real estate front.

Y'all remember Rep. Laura Richardson (D-Deadbeat)? How those meanies at WaMu foreclosed on her poor innocent self, and how she threw her weight around and got the foreclosure rescinded and a loan modification done?

So far this noble effort to prevent foreclosure and keep the dream of ownership alive is workin' out great. From the LA Times:

This week, in the latest chapter in the housing saga, the Code Enforcement Department in Sacramento declared her home a "public nuisance."

The city has threatened to fine her as much as $5,000 a month if she doesn't fix it up.

Neighbors in the upper-middle-class neighborhood complain that the sprinklers are never turned on and the grass and plants are dead or dying. The gate is broken, and windows are covered with brown paper.

"I would call it an eyesore," said Peter Thomsen, a retired bank executive who lives nearby.

Thanks, Brian!