The Future of Housing Under the Current Regime:
[Photo: Courtesy of Direction Home]
What to Do About It?
Some muckahs from the Law School and;
some real people1 from City Life/Vida Urbana
I had hoped they would say what I have been saying all along. We need a moratorium on foreclosures and we need to write down the value of these predatory mortgages. Steve, who you can see above being arrested for Harvard labor, has lead a number of eviction blockades. He provided a very concise [ 10-minute] summary of market failures in real estate. Melonie was one of the foreclosed upon homeowners. The lawyers represented people in both foreclosure procedings and in post-foreclosure eviction proceedings. Law student Nicholas Hartigan, said that his hope was to get enough homeowners resisting foreclosure and eviction to force the banks to change their way of doing business. This is better than letting the tide of foreclosures go unopposed, but a change in bank policy is more easily undone than legislation. But in the current environment, legislation is also harder to get.
1Anything but a One Dimensional Man, when Steve Meacham was a tenant organizer in Cambridge, between arrests, he did radical stuff like driving the truck for the food pantry. Walking the walk – it’s a good thing