Aim Quote by Michael Hudson

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a…

— Alan Greenspan

The Downpayment Toward Equity Act would make homeownership attainable for more families, creating a tangible pathway to social mobility and building wealth.

— Laphonza Butler

“The Fed’s fingerprints were all over this boom, and not just because of Greenspan’s low interest rates. In 1993, in response to initiatives by…

— Danielle DiMartino Booth

Everybody would be better off if they could buy housing for only, let's say, a carrying charge of one-quarter of their income. That used…

— Michael Hudson

Below-target inflation increases the real value of debts owed by households and businesses and reduces the ability of central banks to respond to downturns.

— Jerome Powell

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and…

— 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…

— Michael Hudson

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to…

— Thomas Sowell

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority…

— Alan Greenspan

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…

— Mark Zandi

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain…

— Ben Bernanke

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.

— Dave Ramsey