Tuesday, May 1, 2007

Minneapolis Mayor Slanders Renters, Praises Mortgage Defaulters

Government Logic at Its Finest

Minneapolis Mayor R. T. Rybak said of foreclosed properties:

“And in those properties which were once owned by stable homeowners, they're replacing them with renters who may be very problematic and have proved to be problematic in our neighborhoods” (MPR).

Rybek claims that people who lost their homes because they did not pay their debts are “stable” but renters, including people who patiently wait and save and responsibly resisted the overbuying housing-bubble mania, “may be very problematic” (or are the problematic renters the ones who rent now only because they previously defaulted on their mortgages?).

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