Will occupying foreclosed homes instead of Wall Street bring the right kind of attention to the ongoing housing crisis?
Tuesday marked the first day that Occupy Wall Street protesters took their self-proclaimed push for “financial democracy” to neighborhoods around the country. The newly named “Occupy Our Homes” movement staged demonstrations at foreclosed homes in nearly two dozen states to draw attention to the effect of the housing collapse on American families.
In California, a group of labor, housing and minority-rights activists gathered across Los Angeles to help families return to their foreclosed homes — and vowing to stay there to defend them against eviction.
“This is the best thing we could do, and it’s going to be huge for us,” said Max Berger, an early member of Occupy Wall Street who helped organize Tuesday’s protests. “Occupying homes is the perfect next step for the Occupy movement because it makes so clear the issues this movement is all about.”
Occupy Our Homes events were spearheaded by the giant Service Employees International Union and a California activist organization led by former members of ACORN, a controversial advocacy group for low-income and minority neighborhoods.
As we’ve said all along, the US economy won’t recover until the housing market recovers. Hopefully, Occupy Our Homes will force the hands of policy makers and banks to do the right thing – re-starting the stalled real estate industry.
Please share your thoughts.