19,000 Katrina Homes to be Gobbled Up in Buyout ("land grab")

[babylonsister]

19,000 Katrina Homes to be Gobbled Up in Buyout

Posted Sep 21st 2007 3:40PM by Jeff Douglas
Filed under: blackspin


Call it a "land grab" or a government buyout, either way, the state of Louisiana is in the process of getting nearly 19,000 homes destroyed by Hurricane Katrina from New Orleans residents who can't rebuild and could use the cash.

The rebuilding program has already pledged more than $770 million for the buyouts, but the final price could grow to almost $1.3 billion, according to USAToday.

The gutted homes are being bought for an average of $75,000 a piece. It appears most home owners are going that route, instead of the other option, taking government funding to rebuild their homes.

Who's paying for it all? Taxpayers.

The total bill for Katrina, the most destructive natural disaster in U.S. history, will exceed $150 billion.

more...

http://blackvoices.aol.com/blogs/2007/09/21/19-000-katrina-homes-to-be-gobbled-up-in-buyout/

[madokie]

1. I think that was the plan from the get go

taking advantage of another's misfortune is the :puke: way is it not

[acmavm]

2. Yep, it is. And if the misfortune doesn't come naturally, this administration

will just help it along.

[GliderGuider]

5. Absolutely right!

And it's all documented in Naomi Klein's new book The Shock Doctrine as she lifts the veil of not-so-secrecy from "the rise in disaster capitalism".

[gratuitous]

3. And once the overrich bottom feeders hold clear title to the properties

Hoo-wee! Just watch how fast and efficient the government will be in getting money to the area, rehabilitating the land, strengthening the levees, and otherwise making New Orleans livable again.

[Blackhatjack]

4. ..And then the Govt will sell the land to speculators at a huge market discount...

The Govt will play the role of 'straw man' in transferring ownership to those who covet those properties --and at a significant discount to the market value of the properties.

[DURHAM D]

6. I thought from the beginning Disney would end up with

most of the land in N.O. They will turn it into a theme park - N.O. Disney. Can't wait for the 10:00 pm parade down Bourbon street lead by Mickey and a funeral band.

[robinlynne]

7. MIT architectural student designed an inexpensive home which will withstand floods

for new orleans. Maybe that 75,000 could buy a ready made home for the people of that district instead. Or 100,000, or whatever it costs. That would make a lot more sense. Habitat for humanity could surely build homes for 75,000...

[earth mom]

8. If nothing else, this proves the total CORRUPTION by the leaders of this country.

The entire country has just about turned into some modern day version of the Wild West or more to the point, the Mafia.

Those bastards are literally getting away with murder and no one is stopping them and there is not a god damn thing we can do to stop them! :puke:

[The Backlash Cometh]

9. Too bad Habitat for Humanity can't work out something with billionaire

philanthropists to keep those people put.

[Kurovski]

10. K&R. (nt)

[Greyhound]

11. So, operation drown the Negroes is a big success, ye-haw.

:cry:

[Swamp Rat]

13. They are not done yet.

... getting rid of the 'negroes.'

[Greyhound]

12. I love how this and similar threads always sink like a stone while the nonsensical

and meaningless get hundreds of replies. Well I'm kicking this one again.

2/3 of a trillion dollars for the military, who cares? Thousands of poor people abandoned to drown and the survivors are having what little that's left stolen from them, on the taxpayers dime, big deal.

Hillary is leading in the latest poll! Is not! Is too! She eats puppy flakes with kitten blood for breakfast! Does not! Does too! 250 replies.

Is it any wonder arbusto_® has been allowed to squat in the White House for the last seven years?

[Swamp Rat]

14. Yeah you rite!!

:mad: