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The Sound of Ideas

The Foreclosure Crisis: From Bad to Really, Really Bad

Posted Wednesday, May 21, 2008

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The Foreclosure Crisis: From Bad to Really, Really Bad The foreclosure crisis is sort of like a horror film for economic development types: just when you think you know how bad it is, it gets worse. As Cuyahoga County Treasurer Jim Rokakis says, "You're talking about dealing with a problem that really nobody has had to deal with before. You're talking about thousands of properties being dumped into a market." This week, ideastream®'s Mhari Saito is filing daily reports on previously untold angles of the sub-prime mess. She joins us along with others to talk about the latest fall-out: lowering property values plans to cut city services, and an underground economy trading in blighted properties. Join the conversation, Wednesday morning at 9 on 90.3.


Economy, Facing the Mortgage Crisis, Regional Economy/Business - Analysis and Trends, Government/Politics, Other, Community/Human Interest, Housing/Real Estate


Mhari Saito, reporter, ideastream®
Judge Raymond Pianka, Cuyahoga County Housing Court
Anthony Brancatelli, Councilman, Ward 12, City of Cleveland
Claudia Coulton, Co-director, Center on Urban Poverty & Community Development, Case Western Reserve University

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