Here are the three strategies they want to see in action — and they can work for basically anywhere in the country thats struggling with a housing crisis. 1. Stop kicking people out of their homes. They want the city to end foreclosures and evictions from owner-occupied homes. Many people arent just losing their homes — theyve lost jobs, pensions, and services because of budget cuts. Putting them on the street is like a kick in the teeth when theyre down. 2. If a home is worth less on the market than what the homeowner owes on their loan, reduce what they owe. Those are called underwater mortgages. Banks caused this mess, and governments ignored it. Its only fair that peoples mortgages be adjusted based the current value of their home. 3. Sell repossessed homes at fair prices to people who actually want to live in them. Selling to banks and investors only encourages what led to the financial crisis in the first place. Wouldnt it make more sense to sell to people who are going to live in them and have a genuine interest in rebuilding the community? Housing is a human right. And an economy based on financial markets doesnt care about human rights. Maybe its time for a new economy? https://youtube/watch?v=UtZPW5dZJbo#t=18
Posted on: Wed, 17 Dec 2014 21:45:26 +0000
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