cross-posted from: https://lemmy.ca/post/54239937
During the Great Depression, when banks foreclosed on farms, neighbors often showed up at the auctions together.
They’d bid only a few cents, and return the land to the family that lost it. Sometimes a noose hung nearby as a warning to outsiders not to profit from someone else’s ruin.
It was rough, but it worked, communities protected each other when the system wouldn’t.
If a collapse like that happened today, do you think people would still stand together or has that kind of solidarity disappeared? Could it happen again?
I’d imagine in such a scenario it would be pretty easy for community members to take direct action to make the property extremely expensive for the outside investor though. Releasing animals into the property, quietly installing holes in the envelope to allow for water and wildlife ingress, stink bombing, etc. Really anything that slowly destroys the value while preventing an insurance payout
Raise the risk profile enough and outside investors will go for something else