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Post Info TOPIC: Occupy Movement Turns Attention to Housing


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Date: Dec 14 23:41:28 2011
Occupy Movement Turns Attention to Housing

The Occupy Wall Street movement turned its attention to the plight of millions of struggling homeowners Tuesday during a nationwide day of demonstrations against home seizures.  Marching behind a banner that read Foreclose on banks, not people,  at least 300 protestors worked their way through a Brooklyn neighborhood to claim a Bank of America-owned home for a local family.

According to data provided by RealtyTrac, the neighborhood had a foreclosure rate of 16.8 per 1,000 homes receiving a filing, the highest rate in the city.  Similar demonstrations were undertaken at more than 20 major cities across the country as the Occupy movement refocused on the nation's battered housing market.  Since 2006, more than 4 million US homeowners have lost their homes, and discontent with the foreclosure process has intensified.

The East New York neighborhood was affected disproportionately by the foreclosure epidemic because its largely black and Latino population was heavily targeted by predatory subprime lenders, according to a statement from the Occupy protestors.  The Occupy Our Homes day of protesting comes nearly a month after Occupy Wall Streeters were kicked out of Zucotti Park, the birth place of the movement, which they had inhabited for about two months.

Similar marches occurred in Los Angeles, San Francisco, Boston and other cities, with most of the protestors drawing attention to homeowners who were facing foreclosure or eviction.  The movement also has garnered the support ot various consumer and homeowner advocacy organizations, including Take Back the Land, a Washington-based group that fights evictions.

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