Matt Taibbi: From an Unlikely Source, a Serious Challenge to Wall Street

[Orrex]

59. You'd only be applying it to people who vacate properties and don't maintain them.

I referred to banks specifically, but on second thought it needn't be that way. And if they've abandoned the property, then taking a lot of people's (abandoned) property away seems less egregious than kicking delinquent borrowers out of their homes.

Let the owners surrender abandoned properties to the city willingly and thereby avoid fines, less administrative costs, etc. At present, cities are blighted by deadbeat owners who don't do shit while the properties decay and degrade the landscape.


Look, I'm not suggesting that this is a 100% perfect solution in all cases everywhere, but between the option that I propose and the current policy of "banks can do pretty much whatever they want, and fuck everybody else," I'm willing to give my idea a try.

What alternative do you propose instead?