The Looming Mortgage Crisis with Dr. Samuel Stein

CUNY TV's Bob Herbert's Op-Ed.TV

As we emerge, hopefully, from this COVID-19 pandemic, New York is heading straight into a housing crisis. At some point the moratoriums on evictions and foreclosures will be lifted, and an awful lot of New Yorkers will not have the money to pay their back rent, or their mortgage arrears. What will this mean – not just for tenants, homeowners and landlords – but for New Yorkers at large? Bob talks about this with Dr. Samuel Stein, a housing policy analyst at the Community Service Society, and the co-author of a study on the looming mortgage crisis facing New York.