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BREAKING NEWS
January 19, 2007
Florida City Plans Homeless-Only Village
A controversial proposal in Daytona Beach, Fla., would create a special village to house hundreds of the county's homeless people, Local 6 News has learned.

Volusia County Council members are expected to consider a plan to build the Tiger Bay Village and treatment facility for the area's 2,500 homeless community.

"Although it is only in its exploratory stages, developers for the Tiger Bay Village say it is invaluable," Local 6's Tarik Minor said.

Developer Michael Arth is proposing to build a 5,600-bed community on a 125-acre lot of rural land. The village will provide shelter, psychiatric help and the support of neighbors.

"This is for the people who can't work and can't integrate themselves into society," Arth said. "The answer is not to build a Hooverville of tents and trailers but to make these buildings attractive enough so that if you or I would went there, we would say, 'Wow, I'd live there.'"

Arth said homeless people are costing taxpayers millions of dollars every year.

He said building a village is better than putting Band-Aids on the problem.
Local6.com [Daytona Beach]


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The Big Shift from Housing Boom to Homelessness
Category: REAL ESTATE
By: Pete Kendall, January 22, 2007
In a leading-edge fashion note, the House of Dior has come out with a spring-summer haute couture collection described as “homeless chic” by The New York Times. “Dior models who starve themselves posed as the starving. They came down the runway raggedy and baggy, some swathed in newspapers, with torn linings and inside-out labels, accessorized with empty litter green J&B whiskey bottles, tin cups dangling from the derriere.”
The Elliott Wave Financial Forecast, July 2000

A critical soconomic observation that Elliott Wave International successfully applied back in 2000 is called the theory social visioning. Here’s how The Elliott Wave Principle of Human Social Behavior describes the process:
Since mood is expressed immediately in countless ways other than buying or selling stock, expressions of the prevailing mood probably do include public visual images. These images would reflect mood quite immediately, before the public could mobilize itself enough to act in the economic or political arenas.

The quote at the top of this post shows how hobo fashions on runways in 2000 proved to be a window into an oncoming bear market. Now Daytona Beach appears to be projecting something much larger with its plan for a homeless village. We’ve heard of similar proposals in California. Homelessness should grow as a social concern as the housing crash meets a surge in unemployment. It’s already burgeoning, but when middle or even upper class people start finding themselves out on the street, just about every city in America will be forced to wrestle with this one.

One sign of just how ripe society is for such a trend is the feel-good hit of the holiday season, Pursuit of Happyness, with Will Smith. The movie, which takes place at the end of the last major bear market in 1982, is about a man's struggle to care for his child after he lose his home. The story ends happily ever after when he lands his dream job in the financial services industry. In Hollywood, that's the end of the story, but on Wall Street, it's more likely the start of another downcycle.

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ARTICLE COMMENTS
I noticed that the article referred encampments of homeless people as "Hoovervilles"- a sign of things to come? Echoes of the 1930s?
Posted by: Roger
January 22, 2007 11:57 AM



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