Basically, the banks are destroying homes to create an artificial shortage to drive housing prices back up....Banks hate inexpensive housing. If people can buy a home for the price of a car and then pay it off over five years, then the house is of no more use to the banks. The goal of the banks is to have people always have to work their entire working life to pay for their house, thirty years or more.....So banks work to keep home prices high, to keep you slaves to their mortgages.... and now they are destroying perfectly good homes to create an artificial shortage to drive prices back up. Even NEW homes no one has ever lived in
T he task of plowing under the homes rests with the Cuyahoga County Land Reutilization Corp., which grew out of a 2009 state law aimed at creating “land banks” with the power and money to acquire unwanted properties and put them to better use — or at least put them out of their misery.
The efforts have led other states to pursue similar laws to deal with their own foreclosure epidemics. New York passed a comparable measure this summer. Similar legislation is in the works in Georgia, Philadelphia and elsewhere....
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