#Housing Quotes

“Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.”

“No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.”

“In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.”

“The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on a limb. They've brought it on by highly restrictive building policies, which have caused housing prices to skyrocket artificially. And they've brought it on by the Community Reinvestment Act, which presumes that politicians are better able to tell investors where to put their money than the investors themselves are. When you put all that together, you get something like what you have.”

“The private sector granted bursaries [scholarships] for the children of their workers. Some of them built homes for their workers. They had in-service training, which improved the skills of their workers. So that spirit was there. All we did was merely exploit it.”

“We must dispel the negative and harmful atmosphere that has been created by avaricious and unprincipled realtors who engage in "blockbusting." If we had in America really serious efforts to break down discrimination in housing, and at the same time a concerted program of government aid to improve housing for Negroes, I think that many white people would be surprised at how many Negroes would choose to live among themselves, exactly as Poles and Jews and other ethnic groups do.”

“There is no truth to the myth that Negroes depreciate property. The fact is that most Negroes are kept out of residential neighborhoods so long that when one of us is finally sold a home, it's already depreciated.”

“Good education, housing and jobs are imperatives for the Negroes, and I shall support them in their fight to win these objectives, but I shall tell the Negroes that while these are necessary, they cannot solve the main Negro problem.”

“I wish the rent Was heaven sent.”

“Most Americans haven't had my happy experience of living for thirteen years in a seventeenth-century house, since most of America lacks seventeenth-century houses.”

“In 2010 there were a lot of folks who were still out of work. There were a lot of folks who had lost their homes or saw their home values plummet, their 401k's plummet.”

“By the year 1670, wooden chimneys and log houses of the Plymouth and Bay colonies were replaced by more sightly houses of two stories, which were frequently built with the second story jutting out a foot or two over the first, and sometimes with the attic story still further extending over the second story.”