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Is anyone fighting foreclosures in Portland?

Looking for folks to join with on a campaign against foreclosures
With hundreds of foreclosures happening in Oregon every month, and so many committed activists around here, it seems like a campaign similar to what City Life/Vida Urbana is doing in Boston would take off here. Anyone know of anything, or want to work on something like this?

 http://boston.indymedia.org/feature/display/203379

more details? 17.Jul.2008 14:06

pdxres

If you're looking for people to join with you perhaps you should articulate what aspects of this issue are troubling and what steps you intend to take. I would say there are some troubling issues surrounding foreclosures, however, the root cause of most foreclosures is that people bought houses that they could not afford. Most of these people should probably lose their houses, thus helping to push housing prices back down so that people with less money can afford to buy a house within their means.

More details... 17.Jul.2008 14:17

troublemaker

I'm talking about taking direct action to defend victims of predatory loans from losing their homes. If you're interested in that, we could probably work together. Check out the article linked above, or this more recent one:  http://www.resistinc.org/newsletters/issues/2008/lawrence.html

other solutions 17.Jul.2008 15:18

pdxres

I guess this is not for me as I have no conviction that people who were suckered into the US housing Ponzi scheme have an entitlement to keep a house they could not afford to buy. I am also concerned about casting these people as victims as the banks will be trying to push a taxpayer bailout of these folks to keep the banks solvent. And I do not think that the US taxpayers, the majority of whom were intelligent enough to not buy houses they couldn't afford on easy credit, should have to foot the bill for this scam. So what I think we'll be seeing a lot more of in the next few years is lawsuits, particularly class-action lawsuits, against lenders. I would encourage you to talk to the folks you feel have been victimized and start organizing such lawsuits. I would also suggest that you do some training on fiscal responsibility so these people do not find themselves in such a position again in the future. Please also keep in mind that it is in the banks' interest to keep these people in their houses. So if you do not like what the banks have done/are doing, you may want to consider to what degree you wish to fight for their best interests.

Check out Portland ACORN and Portland Coalition Against Poverty 17.Jul.2008 18:38

!

Portland ACORN is a grassroots organization that is doing housing counselling and predatory lending counselling. They are located in Southeast Portland. For more information, see their website at www.acorn.org The only hope I see out of this mess is solidarity among the poor and working class. Build community; help your neighbors. We all have to weather the storm together. The Portland Coalition Against Poverty organized a solidarity action with the houseless in Portland on Wednesday, July 9. This was to protest the sweeps by the police where police destroyed the belongings of houseless individuals in a homeless sweep that was intensified during the Blues Festival. I guess the Portland Business Alliance did not want tourists and other rich folk knowing that there are actually poor people without houses in Portland. You would think that since the Blues Festival is a benefit for the Oregon Food Bank that the Blues Festival patrons would already be conscious that there might be a poverty issue in Oregon (and in the rest of the world). I, too, don't feel badly about urbanites who were brainwashed (by the media) to believe that their self-worth is predicated by how fancy a house they have and how many SUVS and how many children in private school they can have and were using their home as an ATM machine. I do feel badly for neighbors who are losing their homes because they were forced into reverse mortgages due to old age, ill health or divorce. However, regardless of how people got into this mess, compassion is still called for. We also have to start realizing that many people are poor because some people feel that they deserve more than others and their greed and selfishness deprives others of basic human rights such as food, clothing and housing -- not to mention respect.

Who to blame? 18.Jul.2008 13:30

troublemaker

Look, you can blame the folks getting kicked out of their houses all you want. I'm sure of them made bad decisions. But if you haven't heard, our government is bailing out Fannie Mae and others. The folks who lied these folks into these shitty mortgages are going to be allowed to prey on some other poor saps. I think it's a crime to have agents of the state serving big banks by evicting folks from their homes. Did you read either of the articles I linked to? Did you know that this crisis is causing the greatest loss of wealth to people of color in modern history? If you want to keep debating this stuff, read some of this first:  http://www.faireconomy.org/dream

And back to my original question--who is working on this? who wants to?

Local costs 18.Jul.2008 14:10

troublemaker

According to this ACORN study--2440 of the high-cost Portland area loans made in 2006 alone will likely go into foreclosure, costing local stakeholders more $325 million, including $17 million to individual homeowners, and $47 million to local government.

But maybe you're right, pdxres--these folks need to be taught a lesson!
 http://acorn.org/fileadmin/HMDA/2007/2/OR.Portland.Foreclosure2.pdf

association of community organizations? 19.Jul.2008 06:47

hardly

ACORN is a top-down corporate activism sweatshop, where people are recruited right out of college and told they're working for a "revolutionary collective" as the officer corps of the vanguard. And the lower level managers tend to sleep with the help. FYI.

Predatory lending (Capitalism unleashed and unregulated) 19.Jul.2008 13:45

Milton Freidman (Not)

This ugly chapter in American Capitalism was caused in part because first Clinton then Bush and company started deregulating lending standards. The result was a disaster. However, in this case I believe the borrowers should be bailed out and given a chance to get in fixed rate mortgages. It makes more fiscal sense than letting the foreclosures continue. After all the tax payer bailed out the Saving and loan industry to the tune of over $100 billion dollars. Very little of this money was ever recovered and it made alot of republicans wealthy. In fact I believe one of the Bush brothers Neil maybe was caught with his hand in the till. If we bail out the wealthy we sure can bail out the middle and lower midle class folks.

Thanks for commenting on ACORN, but... 19.Jul.2008 15:58

troublemaker

Look, I know ACORN is kinda shitty...but they've done some good research here. Got any comment on it?