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eridani

(51,907 posts)
Sat Aug 3, 2013, 02:58 AM Aug 2013

The Great Eviction [View all]

http://www.nationofchange.org/great-eviction-1375454922

Since 2007, the foreclosure crisis has displaced at least 10 million people from more than four million homes across the country. Families have been evicted from colonials and bungalows, A-frames and two-family brownstones, trailers and ranches, apartment buildings and the prefabricated cookie-cutters that sprang up after World War II. The displaced are young and old, rich and poor, and of every race, ethnicity, and religion. They add up to approximately the entire population of Michigan.

However, African American neighborhoods were targeted more aggressively than others for the sort of predatory loans that led to mass evictions after the economic meltdown of 2007-2008. At the height of the rapacious lending boom, nearly 50% of all loans given to African American families were deemed “subprime.” The New York Times described these contracts as “a financial time-bomb.”

Over the last year and a half, I traveled through many of these neighborhoods, reporting on the grassroots movements of resistance to foreclosure and displacement that have been springing up in the wake of the explosion. These community efforts have proven creative, inspiring, and often effective -- but in too many cities and towns, the landscape that forms the backdrop to such a movement of hope is one of almost overwhelming destruction. Lots filled with “Cheap Bank-Owned!” trailers line highways. Cities hire contractors dubbed “Blackwater Bailiffs” to keep pace with the dizzying eviction rate.
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The Great Eviction [View all] eridani Aug 2013 OP
Kicked and recommended. Uncle Joe Aug 2013 #1
If the neighborhood was a "good" one Warpy Aug 2013 #2
Exactly DonCoquixote Aug 2013 #3
It is really sad to see NewThinkingChance40 Aug 2013 #4
I wound up buying one of those foreclosed homes. Igel Aug 2013 #5
And those are the people NewThinkingChance40 Aug 2013 #6
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