Money Quote by Daniel Pecaut

“Purchasing a large and expensive home during a real estate boom turned into the biggest financial mistake that I ever made.”

— Steven Magee

Everyone said, 'You can't lose money in real estate, because they're not making any more of it.' Hmmmm. Where did everyone go wrong?

— Jane Bryant Quinn

“I’m not against real estate investments, but I’m against investing the bank’s money.”

— Celso Cukierkorn

“the big house and the nice suits and the other things that our money culture says you should buy ... betrays a poverty of ambition.”

— Barack Obama

“American’s capacity for real estate improvement; build yourself a house, grow fat in it, and die.”

— Norman Mailer

“Real estate is not a transaction; it is transformation.”

— Olawale Daniel

The most valuable real estate in the world lies between the president's ears.

— Matt Gaetz

“Forget the housing, bond or derivatives bubbles … Fraud Is the Biggest Bubble of all time”

— Ziad K. Abdelnour

“The only thing money really buys?...Space. A bigger house, a bigger car, a larger hotel room. First-class plane tickets. But it doesn't even buy…

— Louise Penny

You work with people who are obsessive about shopping, obsessive about owning things and buying things, like this purchase is going to make them…

— David LaChapelle

“About one-half of the millionaires in America don’t live in upscale neighborhoods.”

— Thomas J. Stanley

Perhaps the secret to making a billion dollars in real estate is that there is no secret.

— David Lichtenstein