In Case You Missed This... 'No Wonder Eminent Domain Mortgage Seizures Scare Wall Street'

[99th_Monkey]

21. I used to work for a not-for-profit Community Development Corp.

and part of activities included building affordable housing for poor people.

This was for 10 years, during the 90's, and became aware of the Eminent Domain laws
on the books, and could easily imagine this being used as described in this article, to
address blighted neighborhood issues to seize, rehab and resell distressed housing, to
make it a) an asset to the municipality (rather than a sore thumb) and b) to provide
much needed affordable housing to lower-income people.

This is a HUGE opening, well actually a tiny opening that could spread like wildfire, once
people, and local politicians "get it" and jump on the band wagon. This could indeed
become a literal "bottom up" peaceful financial revolution, to throw the Banksters off
our collective back, and reboot local economies, and renew neighborhood housing
stock, and give real relief to lower income people who need stable housing.

This proposal however, should (maybe it does?) include use of the Community Land Trust
model, to hold these houses in trust, dedicated forever to remain relatively affordable.
This model was developed and is now widely used in Burlington VT. Google is your
friend (if you're not familiar with CLTs).