[sudo-discuss] Oakland gentrification is very well planned & executed

[Autonomous]

>Oakland gentrification is very well planned & executed

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.

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'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'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'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.

[image: Inline image 2]


On Sat, May 10, 2014 at 7:33 PM, Patrik D'haeseleer <patrikd at gmail.com>wrote:

> On Sat, May 10, 2014 at 7:29 PM, <batkid at gmx.com> wrote:
>
>> Don't worry, Oakland won't become the East Hamptons anytime soon
>>
>>
>> http://www.insidebayarea.com/news/ci_25737160/oakland-man-shot-driving-truck-near-courthouse
>>
>> http://www.insidebayarea.com/news/ci_25732368/jurors-convict-man-murdering-two-west-oakland-neighborhood
>>
>> http://www.insidebayarea.com/news/ci_25731273/oakland-man-dies-from-injuries-from-downtown-fight
>
>
> Oh good - I was getting worried about having too many museum shows and cat
> video festivals in the neighborhood...
>
> Patrik
>
> -----Original message-----
>> Sent: Saturday, 10 May 2014 at 21:30:39
>> From: "Romy Snowyla" <romy at snowyla.com>
>> To: "Sudo Room Discussion List" <sudo-discuss at lists.sudoroom.org>
>> Subject: [sudo-discuss] Oakland gentrification is very well planned &
>> executed
>> The museum shows, the cat festival.. I guess we are all part of the
>> master plan : P
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>>
>
>
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