Granted this power can be abused like any other, but imagine the citizenry holding the power to "call back" legislation between elections......

For me, this has led to several assumptions/beliefs/opinions:I belief that I'll one day have less control over my retirement funds and I may see less return from them (both in terms of ROI and in terms of legislative benefits), so my solution has been to stop funding my retirement and to put all my earnings towards my businesses and investments.I see short-term deflation followed by fed-generated inflation, so at some point I'll start leveraging more to take advantage.I see taxes on all classes likely rising in future, but I presume that capital gains rates will stay about the same (maybe up or down a bit) and therefore will focus on generating more in capital gains and less in business earnings.Additionally, I believe we'll see a mostly stagnant economy for the next several years, so I'm continuing to do the same things I've done the past several years in terms of distressed real estate and taking advantage of a down market.But, these are just my assumptions of where things are headed, and my common-sense reactions to them.

Point 2, do you really think that the legislation will help these people as a whole?

In either case, it's just a big joke.I'm generally not in favor of more legislation.

I just think the "Tea Party" has a bunch of them this cycle.So wait a minute....the Democrats just blew a historic opportunity of 18 straight months where it was Constitutionally impossible for the Republicans to block, stop or slow down any legislation and they blew it.

Bottom line, legislation has been passed that makes it way too risky and onerous to do one to an owner-occupant.Or, if you are willing to invest 1.5 hours of your time you can get a very thorough briefing on the financing situation in Michigan by a true expert on the subject, Allan Daniels.

Literally today they changed legislation on caregivers ability to grow on a larger scale.

It will take years of educating legislators before this will be solved, but wholesaling is a messy part of the market that needs a cop on the beat.

There's a pretty complicated legislative history on this issue.  

Here the legislation is clear that rent is considered late the day after it is due and the landlord has the right to server a Notice to Vacate which gives the tenant 7-days to pay all arrears or 15 days to move out.That said, our policy is clearly documented and incorporated in a schedule to the lease that rent is due on, or before, the first day of the month and a late fee will be assessed at the close of business (17:00) on the 4th of the month.