"Even though some down payments are borrowed, it……" — Alan Greenspan

"Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one."

Alan Greenspan

109 Quotes by Alan Greenspan

Alan Greenspan has 109 quotes on this site. A few more worth reading:

See all 109 quotes by Alan Greenspan »

More Adequate Quotes

This quote is filed under Adequate Quotes, one of 327 quotes in that category. Here are a few more:

See all 327 Adequate Quotes »