Quick point - you guys know that it was the housing market crash (sudden DECREASE in home values) that set off waves of foreclosures, right?<div><br></div><div>In other words, suppose you&#39;re in one of these loans. You realized what is about to happen to you (&quot;FUCK! I can&#39;t afford the mortgage after reset!) let&#39;s look at two scenereos: </div>
<div><br></div><div>Scenereo one: the value of your house has increased since you purchased it two years ago. The house is worth more than you owe on it, and there are many buyers interested in buying homes like yours in your area. </div>
<div><br></div><div>Scenereo two: the value of your home has decreased since you purchased it two years ago. The house is worth less than you owe on it, and there are very few people interested in buying homes like yours in your area. </div>
<div><br></div><div>Which scenero is better for you? What do you do in each scenereo? </div><div><br><br>On Sunday, May 11, 2014, Autonomous &lt;<a href="mailto:autonomous666@gmail.com">autonomous666@gmail.com</a>&gt; wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>&gt;<span style="font-family:arial,sans-serif;font-size:18px">Oakland gentrifica</span><span style="font-family:arial,sans-serif;font-size:18px">tion is very well planned &amp; executed</span></div>
<div>
<span style="font-family:arial,sans-serif;font-size:18px"><br></span></div><div>Indeed. It is particularly reprehensible that specific neighborhoods in Oakland were targeted for predatory loans and fraudulent foreclosures. The attached image shows foreclosures in Oakland represented by small dots which is overlaid onto demographic data showing non-white neighborhoods in red and white neighborhoods in blue. See a pattern here? This is a form of economic warfare targeted against people of color who have lost a massive amount of wealth while investors have moved in to profit from the resulting increase in real estate values.</div>

<div><br></div><div>The scam involves a loan with very low interest for a period of two years followed by a dramatic increase in interest. When people ask for a loan modification, they are told they need to miss a payment in order to qualify - it&#39;s in the servicing contract. Then, upon missing one payment, the bank refuses to accept any more payments by giving the run-around and the home is subsequently foreclosed upon. If that wasn&#39;t enough, people are forcibly removed from their homes by illegal eviction proceedings. Typically the unfortunate former homeowner only learns about the eviction when the police show up to kick them out on the street along with all their possessions. This is because they aren&#39;t served properly and have no idea a court action even existed. This pattern was repeated over and over in Oakland, as you can see in the attached image.</div>

<div><span style="font-family:arial,sans-serif;font-size:18px"><br></span><img src="cid:ii_145ec21eed1fec35" alt="Inline image 2" width="525" height="263.12649164677805"></div></div><div class="gmail_extra"><br><br><div class="gmail_quote">

On Sat, May 10, 2014 at 7:33 PM, Patrik D&#39;haeseleer <span dir="ltr">&lt;<a href="javascript:_e(%7B%7D,&#39;cvml&#39;,&#39;patrikd@gmail.com&#39;);" target="_blank">patrikd@gmail.com</a>&gt;</span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">

<div dir="ltr"><div class="gmail_extra"><div class="gmail_quote"><div>On Sat, May 10, 2014 at 7:29 PM,  <span dir="ltr">&lt;<a href="javascript:_e(%7B%7D,&#39;cvml&#39;,&#39;batkid@gmx.com&#39;);" target="_blank">batkid@gmx.com</a>&gt;</span> wrote:<br>

<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Don&#39;t worry, Oakland won&#39;t become the East Hamptons anytime soon<br>
<br>
<a href="http://www.insidebayarea.com/news/ci_25737160/oakland-man-shot-driving-truck-near-courthouse" target="_blank">http://www.insidebayarea.com/news/ci_25737160/oakland-man-shot-driving-truck-near-courthouse</a><br>
<a href="http://www.insidebayarea.com/news/ci_25732368/jurors-convict-man-murdering-two-west-oakland-neighborhood" target="_blank">http://www.insidebayarea.com/news/ci_25732368/jurors-convict-man-murdering-two-west-oakland-neighborhood</a><br>



<a href="http://www.insidebayarea.com/news/ci_25731273/oakland-man-dies-from-injuries-from-downtown-fight" target="_blank">http://www.insidebayarea.com/news/ci_25731273/oakland-man-dies-from-injuries-from-downtown-fight</a></blockquote>


<div><br></div></div><div>Oh good - I was getting worried about having too many museum shows and cat video festivals in the neighborhood...</div><span><font color="#888888"><div><br></div><div>Patrik </div>
</font></span><div><div><br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div>-----Original message-----<br>
Sent: Saturday, 10 May 2014 at 21:30:39<br>
From: &quot;Romy Snowyla&quot; &lt;<a href="javascript:_e(%7B%7D,&#39;cvml&#39;,&#39;romy@snowyla.com&#39;);" target="_blank">romy@snowyla.com</a>&gt;<br>
To: &quot;Sudo Room Discussion List&quot; &lt;<a href="javascript:_e(%7B%7D,&#39;cvml&#39;,&#39;sudo-discuss@lists.sudoroom.org&#39;);" target="_blank">sudo-discuss@lists.sudoroom.org</a>&gt;<br>
Subject: [sudo-discuss] Oakland gentrification is very well planned &amp; executed<br>
The museum shows, the cat festival.. I guess we are all part of the master plan : P<br>
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