Only 30% of victims in New Orleans owned their homes...?

kentuck

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Fri Sep-16-05 10:27 AM
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Only 30% of victims in New Orleans owned their homes...?

Most of them were renters. I heard that stat on C-SPAN or MS-NBC this AM. If that is true, who will end up with most of the money? It will not be poor people and it will not be the laborers they ask to rebuild. It will be the same old people - Halliburton, Bechtel, etc... Joe Allbaugh will come out of this mess fairly wealthy would be my guess...

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Brewman_Jax

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Fri Sep-16-05 10:33 AM
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1. Heard the same on NPR

I fear that you're right; look for mcmansions, mccondos, and Starbucks on every corner. :(

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Igel

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Fri Sep-16-05 10:35 AM
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2. Those people whose property was destroyed will

probably receive compensation for it. They may rebuild, or they may sell their property and move.

I rent. My possessions are worth less than the building they're in. Paying me for my losses won't provide housing. If we flooded and the building was destroyed, the people owning the building would get far more money than I would.

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kestrel91316

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Fri Sep-16-05 10:35 AM
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3. Lots of relief for those poor pitiful homeless landlords. Not so much

for their displaced, newly impoverished tenants.

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kentuck

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Fri Sep-16-05 10:39 AM
Response to Original message

4. This is going to be mostly welfare for the wealthy...

..and people will be poorer after it is "rebuilt"...With the Bush plan, it will be a another massive transfer of wealth, just like Iraq, unfortunately.

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