“Can’t Sell” vs. “Won’t Sell” Much attention has been paid to all the homeowners who want to sell now but literally can’t afford to, because they owe more on their mortgage than their home is worth (in Realtor’s parlance, they’re “underwater”). Unless they can get the bank(s) to reduce their principal or simply default, they...Read More
Keeping Country Club . . . Country Club My law-practicing days (in the early ’90’s) are fading fast, but I do recall a basic principle about constitutional (vs. unconstitutional) zoning restrictions: general rules with a strong public policy component work, overly specific ones don’t. So, cities that don’t want Wal-Mart’s can’t simply pass an ordinance...Read More
