Smart Talk is a daily, live, interactive program featuring conversations with newsmakers and experts in a variety of fields and exploring a wide range of issues and ideas, including the economy, politics, health care, education, culture, and the environment. Smart Talk airs live every week day at 9 a.m. on WITF’s 89.5 and 93.3.
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Host: Scott LaMar
Radio Smart Talk for Wednesday, June 12:
For as complicated as life is today, one of the basics of human survival is having a place to live.
For some, it could mean simply having a safe space to sleep at night with a roof over their heads.
Others opt to rent or lease the room, apartment, or house they call home.
But for millions of people, owning a home is a huge part of the American Dream. It provides security and a sense of satisfaction that the homeowner has achieved enough success to be able to afford such a large investment.
And investments were how most looked at homes. The common thought was houses always would increase in value and they could be used to leverage for more financial equity.
Then came the housing bubble of the last decade that sent the economy into a downward spiral. Too many people had mortgages they couldn't afford and banks and other financial institutions gambled too often and lost.
Which brings us to today. The economy and housing is improving but it still is a major issue for many Americans.
Liz Hersh of the Housing Alliance of Pennsylvania will appear on Wednesday's Radio Smart Talk to discuss the Pennsylvania Housing Trust Fund, foreclosures, the housing market, homelessness, and how the federal budget sequester has impacted home ownership.
Michael Kearney and Liz Hersh
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