What follows is a brief summary of the presentation on House Eviction your classmate Mohamed gave in class the other day. He wrote up the following text for you guys. So just read on to find out more about his work.
On Monday December 15th, known as the Black Monday, the LEHMAN BROTHERS collapsed, then the banks stopped lending, and the credit dried up, which caused a big impact to the rest of the world's economy.
In Spain, according to many analysts and other observers, the main cause had to do with Jose Maria Aznar's land act of 1998, which freed up the land market, leading to a housing bubble, which grew very quickly, due to an easy access to credit and low interest rates. Spain had built in one year more houses than France, Germany and Italy all together. According to the Association of Registrars, 90% of the population became mortgage holders in 2006.
More than 400,000 families have been evicted from their houses since Spain's Property Market crashed in 2008, under the unfair mortgage law of 1861, reformed only in few cases as 1946 and 2012.
In 2012 the number of evictions broke record and reached 517 evictions a day in Spain. That means an average of 21 per hour, or an eviction executed in Spain every 3 minutes. As a consequence of this, more than 119 suicide cases are directly linked to these evictions.
The Platform of Mortgage Victims have been fighting against the evictions, demanding urgent reforms through a Popular Legislative Initiative which collected 1.402.854 signatures. On February 12th 2013, this was knocked down by the Popular Party.
THe PIL /ILP contains three measures as the minimum rules to put an end to this eviction hell.
1- STOP EVICTIONS.
2- HAND OVER YOUR HOUSE KEYS TO THE BANK AS REPAYMENT IN FULL WITH RETROACTIVE CHARACTER .
3- A PUBLIC PLAN FOR A SOCIAL HOUSING.
SO, It's clear, IT'S NOT A CRISIS IT'S A SCAM.
Also, check out the video "Spain Evictions and Homeless Crisis", by PressTV Global News. There you can see your classmate from minute 17.32 through 20.18. Thanks a lot for your work, Mohamed!!