Silly bankers, consequences are for… oh.
Well, its a start.
Not defending vandalism, but wouldnt it be in everyone’s best interest if, instead of just writing it off, banks used that money to help the homeowner stay in their home in the first place?
Five years into the U.S. foreclosure crisis, Sharpie parties are a new form of blight on the landscape of boarded-up homes, brown lawns and abandoned streets. They are also the latest iteration of collective home-trashing spurred by social media.
The partygoers are handed Sharpie pens on arrival by their hosts and urged to graffiti the walls – a destructive binge that often prompts other acts of vandalism, including smashing holes in walls and doors, flooding bathrooms and ripping up floors.
Banks that own the foreclosed homes are reluctant to pursue the perpetrators, Krotic says, because they don’t have the resources to hunt down the miscreants. Even if they’re caught, the unwanted publicity from their prosecution would likely incite more parties.
“Usually they leave the damage and just drop the price,” Krotic said.