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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.

Tags

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

Guests

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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Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

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