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View Diary: PBS Newshour: Richmond, CA Government Uses Eminent Domain to Solve Its Foreclosure Crisis (Video) (16 comments)

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  •  I'm no fan of Big Banks, but I think this is bad.. (1+ / 0-)
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    johnny wurster

    I was all in favor of this when I thought it was going after predatory lending... but it's not.

    My home is "underwater" too, but that only matters if I have to sell it. I'm still making a payment I can afford living in a house I like.

    A mind like a book, has to be open to function properly.

    by falconer520 on Fri Sep 20, 2013 at 02:16:40 PM PDT

    •  Actually, it's a systematic problem in Richmond (10+ / 0-)

      The city has more middle and lower class residents in the city and neighborhoods are being torn apart as a result of the foreclosure crisis.  

      Could Richmond's Mayor and others in the city just let foreclosures go as they may and allow the city to go down further in crime?

      The issue is larger than just foreclosures.  Richmond, which historically has been a city run down by gun violence and other crimes, has recently made strides in working to clamp down on that.  More massive foreclosures will likely put a setback to these efforts and in addition, make business development harder for the city.

      What's your course of action?

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