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Thread: Wall Street protesters to occupy foreclosed homes

  1. #11
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    Re: Wall Street protesters to occupy foreclosed homes

    Quote Originally Posted by apdst View Post
    They'll tash out these houses, like they did the parks and put an even bigger dent in the housing market.
    Actually no, they could help it. The market is poor and there are too many homes; knocking a few down may even be beneficial. I forget who said it, for it was some time ago when this housing crash happened and there was little recovery, but essentially one suggestion was to burn down a bunch of houses and that would correct the housing market. Now everything else would still be broken since it was broken; but that would correct the housing market. Probably would too.
    You know the time is right to take control, we gotta take offense against the status quo

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  2. #12
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    Re: Wall Street protesters to occupy foreclosed homes

    Me? I can understand their frustration and if I was homeless, I'd totally be squatting as an alternative to a cardboard box in winter. Still, I'm not quite sure what all the effects of this will be. Obviously the conservatives will use this to tar the Occupy movement, while the liberals use it to garner sympathy for the downtrodden.

    I read that the banks owning those houses have them listed as assets that are worth more on paper than they are in reality. If that's true...well, my opinions of the banks are rather dubious. I wouldn't be surprised if they tried to foist some disproportionate blame for reduced housing prices onto squatters and sent them to jail for a few extra years, just to re-balance their books without being personally penalized for losing those assets.


    That's the rambling of a befuddled stoner, but who knows? Maybe I got something right by accident.

  3. #13
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    Re: Wall Street protesters to occupy foreclosed homes

    This is so beyond stupid that I'm not sure how to respond other than go ahead and see what it gets ya'. Probably a few days in jail and a hefty fine.

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