Squatters Take Back the Land

StockJockey's avatar
by StockJockey
Tuesday, December 02, 2008 - 9:37 pm

I knew the housing market was completely FUBAR, but I did not know it was this bad.

Coming to a city near you…

In Miami, an anti-poverty activist group called Take Back The Land not only matches up the homeless with empty properties but provides them with second-hand furniture, cleaning supplies and gardening assistance.

Some property owners in Atlanta, where officials describe foreclosures as an “epidemic”, have gone so far as to pay homeless people to live in their abandoned homes as a security measure.

Meanwhile, poverty campaigners in Cleveland, Ohio, are negotiating with the city authorities to allow homes people to move into and repair empty, dilapidated homes.

“We’re matching homeless people with people-less homes,” said Max Rameau, a co-founder of Take Back The Land.

“I think everyone deserves a home. Homeless people across the country are squatting in empty homes. The question is: is this going to be done out of desperation or with direction?” he said. Telegraph

Who is going to take back Michigan? The entire state is underwater. Check out the NPR article, the temporary residents do care for the properties, and help maintain the neighborhoods, which beats the alternatives.

Homeless encouraged to move into foreclosed houses
Telegraph UK

Miami activist moves people into foreclosed houses
NPR

Hat Tip Upside Trader

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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.

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