In a time when people are experiencing unparalleled hardship, Miami-Dade county is ramping up to steamroll more foreclosures. This news comes as rents are rising in Miami spurred on by international speculators and investors, and people losing their homes. Nationally homeless is increasing due to the pervasive unemployment, sub-poverty wages of the lowest tier of the working population, and the multi-decade long attacks on housing safety nets. We are now witnessing a homelessness that includes young able bodied people some of whom are working while homeless.
A large backlog of foreclosures exists in Miami of over 50,000 cases. This situation was created by the banks illegally “robo-signing” and ramming through foreclosures, and the lack of political will to fundamentally address the issue in a way that challenged the banks. With a hot market in town, the pressure is on to free up the flow of capital in the banks, produce more houses for the market, and make the scandal go away from the eyes of the public. Continue reading