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Midweek links

* I note (speaking to Anonymous) that HOAs aren’t the only stupidly brutal code enforcers in our neighborhoods.

5 Comments

  1. Comrade X
    Comrade X July 18, 2018 3:35 pm

    But the difference is there are no constitutional rights in a HOA, at least in my state as per the code.

  2. Jim Wetzel
    Jim Wetzel July 18, 2018 5:16 pm

    I like the old-version Janis Joplin. Looks like a nice lady.

    In the “real” world, I saw a documentary on Neil Young a while back. Saw part of it, anyway, before I bailed. Sure seemed like a mean old rich man, riding around in the back of a limo.

  3. Desertrat 1
    Desertrat 1 July 18, 2018 6:38 pm

    For all that I’m basically favoring the Starry Night folks, the fact remains that a next-door neighbor might have difficulty getting full market value if he wants to sell his house.

    I’m guessing that those favoring a USPS bank are thinking in terms of interest rates in line with bank rates for those with good jobs and good credit. There is a reason that the private entities set up for the bottom layer of borrowers charge high rates: Default is common. IOW, a USPS bank would likely be costly to taxpayers.

  4. Larry Arnold
    Larry Arnold July 18, 2018 7:42 pm

    As required under the settlement’s terms, Mayor Nick Girone on Wednesday told Nemhauser and Jastrzebski he was sorry the yearlong code-enforcement brouhaha became so controversial.
    “We aren’t sorry we did it. We’re sorry you got so much publicity we had to back down.”

    Despite the complexities of the USPS expanding their footprint to include nonbank financial services, postal banking could be a natural evolution in G2C lending that will drive down costs and improve access to needed credit for middle America.
    I’m betting these are the same people who are destroying payday and car-title loans because the costs are so high. The P.O., that bastion of efficiency, will make cheap collateral-free loans to people, and leave taxpayers on the hook to subsidize the extra expense.

    Default is common.
    That isn’t the only reason. It costs money to do the paperwork to process a loan, and it takes almost as much paperwork for a small loan as a large one. So the cost/$ loaned is higher.

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