Tuesday, June 11, 2013

French housing crisis

Squatters apparently have rights in Paris that they would never have in the US. Apparently, they have to be visible and engage in activity seen by neighbors, like ordering take-out. A little pizza goes a long way. Now, the owner has difficulty removing them and apparently the French government may want to buy the office building and convert it to housing. With a long-standing and worsening housing crisis in France, these do not sound like good solutions. Looking at the statistics, they have many money homeless in France proportionally than in the US, due to soaring prices, especially in Paris, even through the recession as foreigners park money in French real estate investments, much as they do in NYC. http://news.yahoo.com/special-report-french-homeless-seek-refuge-offices-051131637.html

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