Access Quote by Warren Buffett

Funny money has always been the reason housing prices have risen too fast. First, it was liar loans and negative-amortizing mortgages, where the total…

— Glenn Kelman

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that…

— Warren Buffett

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that…

— Mark Zandi

There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie…

— Mark Zandi

I would say the biggest single cause was we had an incredible residential real estate bubble.

— Warren Buffett

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count…

— Mark Skousen

So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's…

— Rush Limbaugh

Much of the blame for the Great Recession lies with abuses in the housing market - namely the creation of risky and unsustainable home…

— Lisa Madigan

“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

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

That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in…

— Franklin Raines

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really…

— Michael Hudson