[lbo-talk] The return of Hooverville

Doug Henwood dhenwood at panix.com
Sat Oct 18 13:58:04 PDT 2008


On Oct 18, 2008, at 4:47 PM, martin wrote:


> On Oct 18, 2008, at 12:12 PM, Steven L. Robinson wrote:
>
>>
>> "The move comes as a result of the growing number of evictions that
>> involve
>> renters, most of whom are dutifully paying their rent every month,
>> only to
>> later learn their landlord has fallen behind on mortgage payments
>> and the
>> building has gone into foreclosure," Spokesman Steve Patterson told
>> IPS.
>>
>
> Why anyone would want to evict tenants from a rental property is
> beyond me. They are the only thing that gives the property value !

Because the dream phrase in the sale of a multiunit building is often "delivered vacant."

Doug



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