About Quote by Bethany McLean

What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down…

— Henry Paulson

“The bottom line is that the government has artificially mitigated lenders’ risk, and it has done so on the perverse, altruistic premise that “society”…

— Yaron Brook

In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think…

— Charlie Munger

I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate…

— Michael Burry

“The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed…

— Matt Taibbi

It's easy to underestimate the real cost of home ownership.

— Suze Orman

“The escalation of home prices that had allowed refinancing to pay off more debt had stopped. With a decline in housing prices, overleveraged borrowers…

— Patricia Crisafulli

“What's happened is somewhere, along the line, as a society, we confused the notion of 'home' with the possibility of 'an investment opportunity'. What…

— Stewart Lee

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing…

— Martin Feldstein

Lots of fellows think a home is only good to borrow money on.

— Kin Hubbard

Home ownership is the cornerstone of a strong community.

— Rick Renzi

“The only reason the government didn’t stop the financiers was because it approved of what they were doing: helping to lower the cost of…

— Yaron Brook