squatting

Thanks to our friends at The Obscure Store for pointing the way to a story in the Naples Daily News. Down in Ft. Myers, Fla., this past weekend 17 kids (10 of which were underage) were busted at a house party. It happens, sure, but the problem was -- on top of the whole underage drinking thing -- is that the house party was thrown at house owned by Wells Fargo Bank. It seems one upside of the housing bust is the ample foreclosed homes on the market that provide great places to throw ragers for bored teens. The house had been foreclosed on and had been empty for some time. Apparently berserk on booze and hormones, the teens trashed the place: spraying graffiti on the walls, kicking in windows, and punching holes in the drywall. All told, the kids did around $75,000 worth of damage to the house.

The practice of squatting is usually defined as camping on unused land or moving into an abandoned structure -- and it's more common than you might think. Tune in and learn more about squatting in this podcast from HowStuffWorks.