The Law permitted the re-purchase of land that was sold by the owner or by his relatives (to keep it in the family). However, redemption of houses inside walled cities had an expiration date. Why do you think there is a difference in how “urban” land and “farm” land is treated? What social benefits would a community experience if this law were practiced. What social and ecological ills might be prevented?
For Further Reflection
In December 2011, 65 homes (one out of every 1037 homes) in Lancaster, PA, received a foreclosure notice. In Chicago, the rate was one out of every 351 homes—a total of 3,406 homes. Foreclosure not only affects owners. Renters in foreclosed multi-unit buildings are often displaced when the property is taken by a bank, putting them at higher risk of homelessness.
Could a “land redemption” law like the one you read today help to stabilize a community? Who do you think would oppose such a law? Why?