Minnesota City Temporarily Slams Brakes On New Rentals

In Columbia Heights, Minnesota, the Minneapolis Star Tribune reports:

• As more and more foreclosed single-family homes are becoming rental properties, cities are scrambling to deal with all the new "for rent" signs. But one city, Columbia Heights, has simply said, enough. For the next six months, new landlords won't be able to rent their properties because the city has stopped handing out rental licenses.

For more, see Facing foreclosure? Don't count on becoming a landlord (Columbia Heights is putting a six-month halt on new rental applications. Says The city has enough, the mayor says).