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What would happen if the govt bought foreclosed homes and hired nonprofits to retrofit

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:12 AM
Original message
What would happen if the govt bought foreclosed homes and hired nonprofits to retrofit
them as the ultimate renewable energy green homes and resold them on the market?

We could convert this country house by house block by block. Turn these houses into the future.

It would increase the value of the surrounding properties instead of depressing it further.


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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:21 AM
Response to Original message
1. Resell them to....??
Uh, there's a reason the homes are in foreclosure
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:33 AM
Response to Reply #1
2. It's more of a pilot project to capture the imagination.
Edited on Mon Jan-25-10 01:34 AM by dkf
And there are people with money who may appreciate a chance like this.

We need to show what the possibilities are.

Where are the ideas that excite anyway? It's all so gloomy.

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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:43 AM
Response to Original message
3. The best idea I have heard about lately dealing with the Rust Belt foreclosure epidemic...
Is to buy up all the vacant land and try to relocate individuals stuck in these bleak areas to parts of the city where an social and economic infrastructure still exists. Reclaim the land back to it's pre-industrial days and make it park, land people can have co-op farms and such.

I think its a real hands on bubble up type of approach to a situation that is only going to get worse.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:59 AM
Response to Reply #3
4. Well what can you do.
I guess people on the mainland are sick of real estate problems.
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Bitwit1234 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:07 AM
Response to Original message
5. And how about this
there are a lot of abandoned homes - apartment size - across the country. Let the homeless be hired to fix them up, and give them a place to stay. They could be fixed like the old time boarding houses. The people stay there, while fixing up more of these types of homes, and they would be making a living and having a place to stay at the same time.
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Mopar151 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:24 AM
Response to Reply #5
6. I've met a lot of clever old drunks, not conventionally employable
Combined with the post about consolidating residential areas, mix in some young folks for strong backs and skill training, and some mental health support - and a fair dose of tolerance - and yoou could really have something.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:27 AM
Response to Reply #5
7. It sounds good at first glance.
What happens long term?
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brer cat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:10 AM
Response to Reply #7
9. Long term---trickle up economics
Hire the workers at a living wage so they can consider buying the houses; increase their tax contributions to city, county and state so that IDEALLY they now has better schools, roads, municipal services; so they can spend more at the grocery store, departments stores; generate more income for local real estate offices and insurance offices; buy a new car or pay to have their old car serviced at the local auto shop instead of doing it themselves. If the dudes at the top of the ladder weren't skimming all the profits, this is how true capitalism would work.
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Liberty Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:50 AM
Response to Original message
8. They already are...more or less.
A local outfit here is getting a big federal grant to retrofit foreclosed and low-income houses with green energy-saving stuff. Banks donate foreclosed houses that are too trashed to sell to the nonprofit, which fixes them up and makes them green to boot. your stimulus bucks in action.
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fugggg-it Donating Member (9 posts) Send PM | Profile | Ignore Tue Jan-26-10 09:16 AM
Response to Reply #8
10. Name of company
Liberty Belle could you please give me the name of the company that is doing teh work? I have some questions i would like to call and ask them.

Thanks
JMC
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jasi2006 Donating Member (544 posts) Send PM | Profile | Ignore Tue Jan-26-10 09:33 AM
Response to Original message
11. Sounds like a great idea to me.
Let's go!!!
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