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Video: Press Conference - Portland National Day of Action to Resist Foreclosure

Press Conference held in North East Portland as part of a National Day of Action to Resist Foreclosure.

Portland Oregon National Day of Action to Resist Foreclosure
The event was organized by We Are Oregon Speakers include two homeowners whose families are facing eviction; a representative from Occupy Portland; a Catholic priest from a neighborhood church; and a neighbor of the family where the Conference was being held.

From the statement by Occupy Portland:
"Unsettle Portland is a grassroots organization, and a local affiliate of the Take Back the Land movement, dedicated to community control of land and housing.
We are here as part of the evolution of Occupy Wall Street as it shifts into supporting the people who are on the front lines of the premeditated mortgage crisis. People who are facing imminent eviction, even as thousands of houses remain empty in every major city."


Corrrection 07.Dec.2011 07:51

Jim

Just this morning realized that I erred in the write up for this article.

Though I believe that Unsettle Portland might be affiliated with Occupy Portland, it was incorrect to say that one of the speakers was representing Occupy Portland. I meant to identify that speaker as representing Unsettle Portland.

The statement at the end of the write up should have also be quoting Unsettle Portland.

My apologies..............

Pre-Occupy 07.Dec.2011 16:28

A Foreclosure that is waiting to happen

Pre-Occupy.

The writing is on the wall: An 18-unit foreclosure that is waiting to happen, all at the expense of the Richmond neighborhood.

The new face of foreclosure is life-style-identification.

Green Light Cooperative recently purchased the Waverly Commons in the Richmond neighborhood, 3550 S.E. Woodward Street. Waverly Commons, formerly housing a nonprofit children's service organization (Trillium), will be demolished. In its place will be 18 new homes targeting young families living in Southeast Portland who don't want to live in older homes but want to live in a central location.

Price for these new homes? $485,000 to $550,000.

Mark Desbrow, 32, father of one with another on the way, of Green Light Cooperative has a vision for Waverly Commons: "Wouldn't it be cool to have a new home and live in a community of people who are interested in and have a similar view for parenting and living?"

Desbrow was formerly with Opus Northwest, a development that has been having financial difficulties lately. Another development that is being spearheaded by Green Light Cooperative is Sheldon Apartments in Northwest, which is targeting life-style-identified seniors, another pricey endeavor.

See  link to www.oregonlive.com

Please remember that, while foreclosures are tragic, they don't just affect the families involved. They affect the entire community.

While foreclosed homes sit on the market -- unoccupied and bank-owned -- most of the time property taxes are NOT being collected on those homes. In a short sale, the homeseller will be paying property taxes at the time of sale and such property taxes will be deducted from the sale price. In the case of foreclosures, the property taxes are paid by the new homeowner upon the sale of the home. If the foreclosed home is vacant and languishes for many months, no property taxes are being collected. The home's asking sale price then necessarily must increase because the home buyer will have to assume the cost of delinquent property taxes. That is part of the reason why responsible, currently rent-paying tenants with simple lifestyles and good credit histories are not able to purchase foreclosured properties. When all the "delinquencies" are added up that must be assumed by the new homeowner, the home starts to cost pretty close to what the foreclosing previous owner paid for the home -- which is why the foreclosing owner is in foreclosure in the first place. Hence, high-priced "foreclosures" in working class neighborhoods.

Services that depend on property taxes -- schools, libraries, food stamps, WIC -- then get cut, unless additional taxes and fees get imposed, most often on the labor of the working class (now working poor).

Be proactive. Pre-Occupy. Support the Richmond Neighborhood as they oppose the Waverly Commons development and any other unsustainable developments in other communities. Beware of the "commune/cooperative living opportunities" that are tendered by for-profit individuals and their corporations preying on the life-style-identified and profiting from the resulting urban blight that destroy working class neighborhoods.

Subsidized Housing for People Making $97,200 07.Dec.2011 21:01

At Headwaters Apartments in Multnomah Village

I did you not....

The City of Portland spent $14.7 million to build Headwaters Apartments in quaint Multnomah Village with access to sought-after schools, a grocery store and a busline.

Who lives in these apartments? People making $97,200 annually.

How much property tax is generated from these apartments? 0. It is subsidized housing for "middle income" people.

How much property tax could be generated from the property? $100,000 annually.

See  link to www.oregonlive.com

Pity the Renter! 07.Dec.2011 21:27

A Renter

Maybe renters having a hard time finding a home or just fed up with paying rent can "share" the home of the foreclosure victims? Co-housing anyone?

See  http://www.portlandonline.com/fish/index.cfm?a=377082

This week's Willamette Weekly: "Renter's Hell: Portlanders pay a steep price in the nation's toughest rental market," by Hannah Hoffman.

Why is the rental market so tough if there are so many vacant homes in Portland that have been foreclosed upon? Let the renters take over the foreclosed, vacant homes. Our "rent" could be payment of the property taxes due on the property. (Most properties average approximately $200.00 a month in property taxes.)