SalemNews.com, Salem, MA

Opinion

July 19, 2013

Benton: Committee members stood firm on Saltonstall

(Continued)

Grossman made it clear at last weekend’s Democratic convention in Lowell that he intends to run for governor next year. Driscoll, who appears bound for easy re-election as mayor this fall, was also at the convention and has often been mentioned as a potential candidate for statewide office, as well, in 2014.

If it’s the treasurer’s office she covets, however, she could face a challenge from another north-of-Boston candidate in state Sen. Barry Finegold, D-Andover, who’s been making the rounds of party events lately and had an impressive presence outside the conventional hall last Saturday.

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Want to buy a home you can’t afford? Move to Lynn.

That seems to be the message from the City Council there, which recently passed legislation providing maximum protections to those who find they overextended themselves when taking out a mortgage.

According to Isaac Hodes of Lynn United for Change, one of the main backers of the new ordinance, “We’re not here because people don’t want to pay their mortgage but because they happened to buy a home during an unprecedented housing bubble and their mortgage was never affordable.”

Not that banks were without blame for the foreclosure crisis, but whatever became of the admonition, “Buyer beware?”

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Nelson Benton covered North Shore politics for 40 years before retiring last year from The Salem News.

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