Quotes & Sayings About House Prices

Fred Harrison claimed in his book Ricardo's Law: House Prices and the Great Tax Clawback System that property owners are generally able to clawback their cumulative income tax payments through gains made from land values, while renters are financially penalized by income taxes. Thus, the progressive income tax is a scam by which the poor subsidize the rich. — Martin Adams

I'm ashamed to reveal that, even as a teanager, I was guilty of participanting in the mummy wars and jusging another woman for her mothering preferences. It seems that the stay-at-home mothers are still being accused of being anti-feminist and poor role models to their daughters, whereas working mothers have been accused of everything from child abuse to being selfish feminists and inflating house prices. Women are pinched against other women, and no matter where you stand in this minefield, you can't help but notice that men seem to escape the guilt and the blame. — Kasey Edwards

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people. — Lucy Powell

If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have what they call social tools, and, you know, you're going to feel like an idiot if you didn't do it, because the house cost more. — Howard Warren Buffett

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely. — Eli Broad

Here are the top three warning signs [you're at risk of foreclosure]:
* You used to think nobody cared when your phone rarely rang. Then you missed a couple of house payments.
* You're glad gas prices have fallen so you can afford it if you have to move into your car.
* You're ready to say, "Let's make a deal" and trade your upside-down house for whatever's behind Door #3. — Kathryn Alesandrini

The two questions that anyone ever asks me are: 'Are house prices going to go down?' and 'Is it a good time to fix my mortgage rate?' — Evan Davis

There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them. — Mark Zandi

The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans. — Michael Hudson

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears. — Mark Zandi

While some sit on the sidelines and fail to offer any practical solutions to address high gas prices now, the House is once again taking action to meet the energy needs of the American people. — Dave Reichert

One area in which we can be certain mass immigration has an effect is housing. More than one third of all new housing demand in Britain is caused by immigration. And there is evidence that without the demand caused by mass immigration, house prices could be 10% lower over a 20-year period. — Theresa May

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults. — Michael Hudson

Eventually my father bought a vacation house for us in Port Saint Lucie, Florida. My dad's friend had died, so my father bought the house from his widow. We would go down there once a year, and my father believed that he had bought a good investment property. Twelve years later he would sell it at a loss. Almost immediately after the sale, Club Med built a resort there near where the New York Mets would set up their spring training camp soon after. I've tracked articles since then about how Port Saint Lucie has had the fastest growing home prices in the country. When I told my friends at Rye Country Day that we had bought a second home in Florida, they were unimpressed because it was not Palm Beach. When I told my friends in Tarrytown that we had bought a house in Florida, they were sad and asked me when my family was moving. Gosh, poor people can be really dumb sometimes. — Greg Fitzsimmons

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses. — Mark Zandi

One phrase I would dearly like to consign to the can is 'Out of the Box.' The thinking that told us we should invade Iraq and that house prices never decline may have been out of the box, but it put us into the ditch. We have been badly misled by people who persuaded us that they understood things we didn't. — Tina Brown

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013. — Mark Zandi

We've passed an energy bill in the House, to help us be less reliant upon foreign oil so we can get gas prices down. But nothing happens in the Senate. — Steve Chabot

What farmers require is, that the prices should be moderate, and the markets steady; and for this reason I did, in 1826, 1827, and 1828, take the course which I would now recommend to the House. — Joseph Hume

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use. — Mark Zandi

Words, rolling on. Sometimes the Harbinger of Death hears these words, words of house prices and commutes and the price of pasta and the new washing machine and the difficulty of finding a place to dry your wet clothes, and they make him indescribably sad.

Tonight, for some reason, as he listens to a story of a life still being built, and speaks of the ending of all things, he is not afraid, and this world, which seemed to be only ashes, begins again to give him an extraordinary joy. — Claire North

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals. — Ben Bernanke

We've never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don't think it's going to drive the economy too far from its full employment path, though. — Ben Bernanke

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come. — Mark Zandi

And what people want to own, of course, is real estate. So a dental hygienist with bad credit making forty thousand dollars a year felt that she deserved to park her ass in a million-dollar home. With a little creative financing, and as long as housing prices continued to rise, she believed that she could afford a million-dollar home. And as long as the dental hygienist continued to pay interest on the mortgage for the million-dollar home, as long as housing prices continued to rise, as long as more loan officers approved more loans for more dental hygienists with bad credit who could continue to pay the interest on their overblown mortgages, housing prices would indeed stay stratospheric, and banks could print money based on that certainty. And, like your nursery rhyme, that was the house that Jack built." Kalchefsky — Jade Chang

Rather than proposing a forward-looking energy initiative, House Republicans continue to push Big Oil's tired old ideas, ideas that will do absolutely nothing to lower gas prices for the American consumer. — Jan Schakowsky

If a parent wants to choose where their kid goes to school, they can either fork over a whole bunch of money in tuition for private school or they can buy a new house near the school of their choice. And it's driving up property prices in certain key areas. When you stop and think about it, that's kind of ridiculous. — Amelia Warren Tyagi

Borrowers were told not to worry about paying the ever-mounting debt, because house prices would keep rising and they could refinance, taking out some of the capital gains to buy a car or pay for a vacation. — Joseph E. Stiglitz

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife. — Mark Zandi

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. — Mark Zandi

Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral. — Michael Hudson

Procuring the house in Ballister was a desperate bid for respect, for recognition, the ultimate gesture (or sacrifice, as it turned out) that would prove him a worthy successor to the Flo and Walter Prices of the world.
To my mind, the Culver was Norm's way home, the only way he knew. It was an ever-evolving means to an ever-evolving end that eventually ended him. Who or what led Norm down that thorny path - devotion, economic pressures, family cynicism, Beth's insatiable appetite - has been a topic of endless debate. You can believe what you want to believe. Personally, I don't think any rational argument under the sun would have deterred Beth's "messiah" from his mission. If the Ballister acquisition was Norm's cross, as everyone seems to think it was, then it was Norm who chose to bear that cross. And pride that nailed him to it. — Ted Gargiulo