Occupy Protests Shift Focus From Encampments to Reclaiming Foreclosed Homes
The Occupy Wall Street protests are moving into the neighborhood. Finding it increasingly difficult to camp in public spaces, Occupy protesters across the country are reclaiming foreclosed homes and boarded-up properties, signaling a tactical shift for the movement against wealth inequality.
Groups in more than 25 cities held protests Tuesday on behalf of homeowners facing evictions.
In Atlanta, protesters held a boisterous rally at a county courthouse and used whistles and sirens to disrupt an auction of seized houses. In New York, they marched through a residential neighborhood in Brooklyn carrying signs that read “Foreclose on banks, not people.” Southern California protesters rallied around a family of six that reclaimed the home they lost six months ago in foreclosure.
“It’s pretty clear that the fight is against the banks, and the Occupy movement is about occupying spaces. So occupying a space that should belong to homeowners but belongs to the banks seems like the logical next step for the Occupy movement,” said Jeff Ordower, one of the organizers of Occupy Homes.
The events reflect the protesters’ lingering frustration over the housing crisis that has sent millions of homes into foreclosure after the burst of the housing bubble that helped cripple the country’s economy. Nearly a quarter of all U.S. homeowners with mortgages are now underwater, representing nearly 11 million homes, according to CoreLogic, a real estate research firm.
Photo Credit: (presstv)
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