2011-01-29-samantha-clemens.Mp3

Guest: David E. Kapell, founder of Kapell Real Estate & Antiques and former mayor of Greenport
Dave Kapell wrote this about the foreclosure crisis:
“THERE are many factors behind the mortgage crisis, but there is only one simple explanation for why we have failed to solve it. Any effort to help homeowners by forgiving some of their loans is said to create a moral hazard, rendering it politically toxic. But without help, homeowners continue to struggle, foreclosures continue to mount and the housing industry continues to drag down the economy.” From Struggling Owners to Stable Renters, New York Times, January 19, 2011
So, what do we do?? We’ll talk with Dave about his modest proposal…
AND EGYPT! We’ll check in to see what we know tomorrow morning.
♦♦♦♦
To read more about Dave:
Success Is in the Grapes; From a Scruffy Past, a Winemaking Capital Emerges
Greenport Mayor Kapell learns on the job
East End mayor rehanging his shingle as broker