Citizen G'kar: Musings on Earth

September 15, 2005

Katrina Makes For A Boom and Bust for Residents

World-wide, former communist regimes with few exceptions are embracing capitalism. They have found that socialism, as they were living it, breeds complacency and corruption, discourages creativity and change. Personally I can't think of a way to make a vibrant economy without some form of capitalism. Perhaps some day something better will emerge as humans continue to evolve. Meanwhile, someone's suffering creates opportunity for boom in someone elses life.
Los Angeles Times
Brandy Farris is house hunting in New Orleans. The real estate agent has $10 million in the bank, wired by an investor who has instructed her to scoop up houses — any houses. "Flooding no problem," Farris' newspaper ads advise. Her backer is a Miami businessman who specializes in buying storm-ravaged property at a deep discount, something that has paid dividends in hurricane-prone Florida. But he may have a harder time finding bargains this time around.


In some ways, Hurricane Katrina seems to have taken a vibrant real estate market and made it hotter. Large sections of the city are underwater, but that's only increasing the demand for dry houses. And in flooded areas, speculators are trying to buy properties on the cheap, hoping that the redevelopment of New Orleans will start a boom.


This land rush has long-term implications in a city where many of the poorest residents were flooded out. It raises the question of what sort of housing — if any — will be available to those without a six-figure salary. If New Orleans ends up a high-priced enclave, without a mix of cultures, races and incomes, something vital may be lost. "There's a public interest question here," said Ann Oliveri, a senior vice president with the Urban Land Institute, a Washington think tank. "You don't have to abdicate the city to whoever shows up." For now, though, it's a seller's market, at least for habitable homes.

[...]
Some black New Orleans residents say dourly that they know what's coming. Melvin Gilbert, a maintenance crew chief in his 60s, stood outside an elegant hotel in the French Quarter this week and recalled how the neighborhood had been gentrified. He remembered half a century ago when the French Quarter had a substantial number of black residents. "Then the Caucasians started offering them $10,000 for their homes," he said. "Well, they only bought the places for $2,000, so they took it and ran." The white residents restored the homes, which rose quickly in value. Gilbert said he expected the same dynamic when the floodwaters receded in the heavily black neighborhoods east of downtown. MORE

Can you imagine losing your home and all of your belongings then being transported without your permission to a refugee camp thousands of miles away from home? Rather than being encouraged to plan for a return home, you are offered housing and helped in job hunting in your new location.
The Black Commentator
The disproportionate hardships shouldered by poor, mostly minority residents of the Gulf Coast in the wake of Katrina have been well-documented and acknowledged by most observers. It is not enough, however, to address this reality merely by issuing debit cards, formulating more equitable evacuation plans or otherwise better preparing for future disasters. Rather, as the U.N. principles clearly state, continued relief efforts must be viewed in the context of providing meaningful opportunities for the displaced and their families in the months and years to come. Stories of evacuees airlifted to destinations far from their families and friends, sometimes against their will, reinforce the importance of viewing the emergency measures as a temporary, not a permanent, solution. The idea that evacuees will remain where they’ve been dropped assumes that they have no other options; providing such options is an essential component of the government’s obligation according to the U.N. principles.


Missing from the press conferences and official statements has been any commitment to another of the U.N. principles: that the victims of Hurricane Katrina have the ability to decide for themselves how to reconstruct their lives. As the principles state unequivocally, the displaced have an inalienable right to participate in decisions about their future, and any recovery plan in Katrina’s aftermath must therefore include substantive input by those who have the most at stake. This is not a courtesy that can be discarded if it becomes inconvenient, but an absolute necessity.


It is important to note that the United States has consistently upheld the U.N. Guiding Principles on Internal Displacement when similar circumstances have arisen in other countries. If the fundamental rights of displaced people apply in countries far less able to cope with such disasters as Hurricane Katrina, they certainly apply here. MORE

The UN charter says even poor countries are required to enable people to make their own choices including the option to return home. I doubt Bush and the Republicans will support that, especially since their buddies are set to make millions on the real estate boom.

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