Noone should lose their primary residence, it should be protected(unless it is a mansion or something). Everyone should have a place to live. In Greece, primary residences used to have a lot of protections, so even if you were in debt, it would be very hard to lose your house. But thankfully, thanks to 15 years of austerity and “reforms” imposed by Troika and right wing governments, now you can easily lose your house, just like in the US.
What is the point of society, if people dont have a place to live.
Greece has high homeownership. Rent is obviously different but even with rent, it was harder to get evicted. The difference is that with mortgage, you probably already paid a big chunk of money and that bank can afford to get delayed payments, while rent might be paid to an individual who doesnt have the same flexibility.
One of the main drives of the “reforms”, is that now banks can easily sell their lower performing mortgages to hedge funds, etc since it will be easier to evict people and auction their houses.
Ultimately, all people have a need for shelter, it is a fundamental human right. So unless the state does something about this, people should have a place to stay. But would the bank do if they take over the house? Banks dont need houses, people do. Banks just love hoarding stuff.
If the state offered free basic housing, maybe we could allow capitalism to be more brutal. But the main reason the state isnt offering free housing(at least not to the extend it used to), is because of capitalism.
Now add the fact that the greek economy literally collapsed and everyone was unemployed, you can see why protecting the primary residence was so crucial in order to maintain social stability. But they dont care, now they are putting people’s houses out on auctions. But not without resistance and resistance is working. And the banks know this, so they are more “willing” to negotiate.
Only in the land of the free, where everyone has guns(in order to oppose a TyRAniCaL gOvERmEnT), noone resists somehow. Individualism has brainrotted the americans to an extreme level. What would happen if your entire neighborhood came to your help? What would the cops do? Shoot everyone?
Well, maybe in the US they would. But in normal countries, a cop shooting anyone is almost certainly going to lead to the collapse of the government.
I don’t know how things work in Greece, but in the US the process of mortgage foreclosure and eviction takes way more time than evicting a renter who is no longer paying rent. In other words, the bank is already willing to wait longer than a landlord for a delinquent occupant to resume payments.
After foreclosure a bank does the exact same thing as a landlord: they look for a new occupant, i.e. offer housing to someone who needs it.
Banks most certainly do not “hoard” the property. In fact, banks are usually far more impatient than private individuals who want to sell their homes. The unwillingness of banks to hold real estate is another reason why they end up selling it at a discount.
Noone should lose their primary residence, it should be protected(unless it is a mansion or something)
Why? I can think of a thousand reasons one should lose their primary residence. Including serious and violent crime (prison), criminal proceeds (gang property), serious damage to a rental or social housing, restraining orders, sex offender registry, refusal to repay a home loan, and refusal to pay taxes. We all have to pay tax so we can pay for social services. If you don’t want to pay for social services you can move to a country which doesn’t support the poor. You can also vote for parties which strip social services. You don’t have the option to just stop paying your taxes.
Including serious and violent crime (prison), criminal proceeds (gang property), serious damage to a rental or social housing, restraining orders, sex offender registry, refusal to repay a home loan, and refusal to pay taxes
Some of these are VERY different than others.
We all have to pay tax so we can pay for social services
Is a society that deprives people their primary residence, a society that worth paying taxes? Because let’s be real, 99.9% of the time that someone loses their home, it is because people cant afford to pay the bank. And almost always is because they are unemployed.
And you are ok with this? I dont understand this “omg, you have to pay the bank no matter what, otherwise it is a moral failure, so you deserve to lose your home”. I wrote a relevant reply here
You’re attacking the concept of loans. Banks wouldn’t offer loans if they couldn’t claw back their investment for non-payment. If you want to eliminate loans then the people hit hardest will be those without capital.
Noone should lose their primary residence, it should be protected(unless it is a mansion or something). Everyone should have a place to live. In Greece, primary residences used to have a lot of protections, so even if you were in debt, it would be very hard to lose your house. But thankfully, thanks to 15 years of austerity and “reforms” imposed by Troika and right wing governments, now you can easily lose your house, just like in the US.
What is the point of society, if people dont have a place to live.
In Greece, if you stop paying rent then can you keep living in your apartment rent-free? Or will you be forced to find another home?
If people who stop paying rent are forced to find a new home, then so should people who stop paying their mortgage.
Greece has high homeownership. Rent is obviously different but even with rent, it was harder to get evicted. The difference is that with mortgage, you probably already paid a big chunk of money and that bank can afford to get delayed payments, while rent might be paid to an individual who doesnt have the same flexibility.
One of the main drives of the “reforms”, is that now banks can easily sell their lower performing mortgages to hedge funds, etc since it will be easier to evict people and auction their houses.
Ultimately, all people have a need for shelter, it is a fundamental human right. So unless the state does something about this, people should have a place to stay. But would the bank do if they take over the house? Banks dont need houses, people do. Banks just love hoarding stuff.
If the state offered free basic housing, maybe we could allow capitalism to be more brutal. But the main reason the state isnt offering free housing(at least not to the extend it used to), is because of capitalism.
Now add the fact that the greek economy literally collapsed and everyone was unemployed, you can see why protecting the primary residence was so crucial in order to maintain social stability. But they dont care, now they are putting people’s houses out on auctions. But not without resistance and resistance is working. And the banks know this, so they are more “willing” to negotiate.
Only in the land of the free, where everyone has guns(in order to oppose a TyRAniCaL gOvERmEnT), noone resists somehow. Individualism has brainrotted the americans to an extreme level. What would happen if your entire neighborhood came to your help? What would the cops do? Shoot everyone?
Well, maybe in the US they would. But in normal countries, a cop shooting anyone is almost certainly going to lead to the collapse of the government.
https://en.wikipedia.org/wiki/2008_Greek_riots
A society that refuses to provide everyone with shelter and food, while it can afford it, is not a society that needs to continue existing.
I don’t know how things work in Greece, but in the US the process of mortgage foreclosure and eviction takes way more time than evicting a renter who is no longer paying rent. In other words, the bank is already willing to wait longer than a landlord for a delinquent occupant to resume payments.
After foreclosure a bank does the exact same thing as a landlord: they look for a new occupant, i.e. offer housing to someone who needs it.
Banks most certainly do not “hoard” the property. In fact, banks are usually far more impatient than private individuals who want to sell their homes. The unwillingness of banks to hold real estate is another reason why they end up selling it at a discount.
Why? I can think of a thousand reasons one should lose their primary residence. Including serious and violent crime (prison), criminal proceeds (gang property), serious damage to a rental or social housing, restraining orders, sex offender registry, refusal to repay a home loan, and refusal to pay taxes. We all have to pay tax so we can pay for social services. If you don’t want to pay for social services you can move to a country which doesn’t support the poor. You can also vote for parties which strip social services. You don’t have the option to just stop paying your taxes.
Some of these are VERY different than others.
Is a society that deprives people their primary residence, a society that worth paying taxes? Because let’s be real, 99.9% of the time that someone loses their home, it is because people cant afford to pay the bank. And almost always is because they are unemployed.
And you are ok with this? I dont understand this “omg, you have to pay the bank no matter what, otherwise it is a moral failure, so you deserve to lose your home”. I wrote a relevant reply here
https://kbin.social/m/[email protected]/t/375186/Pittsburgh-active-shooter-What-we-know-about-the-suspect-William#entry-comment-1881269
You’re attacking the concept of loans. Banks wouldn’t offer loans if they couldn’t claw back their investment for non-payment. If you want to eliminate loans then the people hit hardest will be those without capital.