General Discussion

99th_Monkey

(19,326 posts)

22. Which is the fly in the ointment here

Mon Jul 23, 2012, 04:24 PM

Jul 2012

which is why I posted below suggestion of the municipality
working (NOT with a for profit outfit, but) with a not-for-profit
Community Development Corp. who uses the Community Land
Trust model developed and now used in Burlington VT and
many other cities on a smaller scale than VT.

The CLT provides a form of community ownership in perpetuity,
or part ownership, enough to keep the housing affordable
forever; while allowing the home-owner 90% of the rights and
benefits of full ownership.

plz see my post #21 below.

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In Case You Missed This... 'No Wonder Eminent Domain Mortgage Seizures Scare Wall Street' [View all] WillyT Jul 2012 OP

this is what they should hav been doing all along instead of tossing WCGreen Jul 2012 #1

Agreed 100%. nt avebury Jul 2012 #35

I have no idea if it's legal, but I like it. russspeakeasy Jul 2012 #2

Under the Community Redevelopment Act, California cities have been buying distressed JDPriestly Jul 2012 #14

Ooh! They won't lend anymore! superpatriotman Jul 2012 #3

Are they lending now? Isn't that the problem? They have trillions hidden away in offshore hiding sabrina 1 Jul 2012 #9

Their $Trillions are dead money. They won't invest. It's a capital strike aimed at President Obama byeya Jul 2012 #36

Fine! They can stop investing in all their evil stuff here and we'll do it by ourselves! freshwest Jul 2012 #41

I'm not sure they are hoarding this money to make one candidate or the other look bad. sabrina 1 Jul 2012 #42

Very informative piece and important topic. dixiegrrrrl Jul 2012 #4

Justifiable communism! Democrats_win Jul 2012 #5

People forget that the fact that we are a sovereign nation. JDPriestly Jul 2012 #16

Where would the taxpayer's fit into this scheme? xtraxritical Jul 2012 #23

Under eminent domain, the government "takes" a property. JDPriestly Jul 2012 #27

The auctions are an almost perfect pricing mechanism. DJ13 Jul 2012 #6

So if the theaten to sue nykym Jul 2012 #7

And the rich get richer... cherokeeprogressive Jul 2012 #8

We know who the corporation is. What makes you think that this is the only Corp that can do this? sabrina 1 Jul 2012 #10

yes, I think the homeowner is still 2pooped2pop Jul 2012 #17

You are misunderstanding it I think. You need to read Matt Taibbi's article on it at Rolling Stone. sabrina 1 Jul 2012 #29

Which is the fly in the ointment here 99th_Monkey Jul 2012 #22

Excellent idea, at least people are beginning to think for themselves and beginning to recover from sabrina 1 Jul 2012 #30

+100 nt 99th_Monkey Jul 2012 #32

I remember that supreme court ruling. Blanks Jul 2012 #11

Yes. This is about countywide blight. The idea could very well work. JDPriestly Jul 2012 #15

Link Blanks Jul 2012 #12

I've got a song for those bankers thinking about leaving areas where their houses get taken Zalatix Jul 2012 #13

Lol, maybe we should have a huge concert in their honor to deliver the message, musically? sabrina 1 Jul 2012 #31

After Kelo vs. New London, Wall Street can't argue for a narrow definition of eminent domain hatrack Jul 2012 #18

They never even built that strip mall on the Kelo site. AtheistCrusader Jul 2012 #19

A wasteland or a vacant lot? Blanks Jul 2012 #20

The last pic I saw was just overgrown crap. AtheistCrusader Jul 2012 #26

If they bulldozed down a blighted building Blanks Jul 2012 #37

They were only 'blighted' and vacant, in this case because the government eminent domain'ed them out AtheistCrusader Jul 2012 #38

I used to work for a not-for-profit Community Development Corp. 99th_Monkey Jul 2012 #21

Interesting information in your post, thank you. sabrina 1 Jul 2012 #28

Some brand new homes never lived in were bulldozed in California several years ago. DhhD Jul 2012 #24

K&R. Very interesting, n/t Egalitarian Thug Jul 2012 #25

Looks like a *form* of nationalization will occur from the ground up to save the ground from ruin. freshwest Jul 2012 #33

Yes, that's one of the things I like about it. It's like taking one of their weapons (Kelo) and sabrina 1 Jul 2012 #34

Cleveland has been tearing down houses for a while. Blanks Jul 2012 #39

KNR alfredo Jul 2012 #40