79 Housing Bubble Quotes
Following is our list of housing bubble quotations and slogans full of insightful wisdom and perspective about housing market.
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Famous Housing Bubble Quotes
Credit bubbles are created when people believe that asset prices will keep rising indefinitely and that there is no need for caution or restraint. — Russell Napier
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. — George Soros
A credit bubble is a short-term solution that creates long-term problems. — Russell Napier
In a bubble, people are ready to pay any price without any regard to intrinsic value or any value whatsoever because they believe they can always sell it for a profit. — Naved Abdali
A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble — Paul Krugman
It is ludicrous to believe that asset bubbles can only be recognized in hindsight. — Michael Burry
A credit bubble occurs when there is a breakdown between the willingness to save and the willingness to invest. — Russell Napier
Credit bubbles cause prices to rise; they do not themselves raise prices. — Russell Napier
Our economy isn't going to recover until the housing market finds its footing. — Mark Zandi
The risk-is-gone myth is one of the most dangerous sources of risk, and a major contributor to any bubble. — Howard S. Marks
Any trend that generates a lot of excitement encounters scepticism due to the bad experiences - internet and housing crashes - of the past 20 years. — Cathie Wood
The real point about credit bubbles is that they are fueled by the promise of government actions, not the reality of what has been achieved. — Russell Napier
The first law of bubbles is that they are always in the interests of the bubble blowers. The second law of bubbles is that they are always followed by a bust. — Russell Napier
Home ownership is the cornerstone of a strong community. — Rick Renzi
But all bubbles have a way of bursting or being deflated in the end. — Barry Gibb
Housing Crisis Quotes
If you're setting a game during the Cuban Missile Crisis, look through a library. find out what people were wearing, what other issues were in the news, how houses were furnished, what cars were being driven. Especially include things which now seem foreign. — Graham Nelson
These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing. — Barney Frank
Books, like all art, breed in us desire. In times of crisis and fear and misrepresentation we need desire, or else we shut down and hide out in our houses, succumbing to infotainment and the ease of an available latte, turning off our brains and emotions. Books breed desire. — Lidia Yuknavitch
The White House isn't the place to learn how to deal with international crisis, the balance of power, war and peace, and the economic future of the next generation. — Joe Biden
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007. — James Surowiecki
We all live in a house on fire, no fire department to call; no way out, just the upstairs window to look out of while the fire burns the house down with us trapped, locked in it. — Tennessee Williams
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with. — Robert Gibbs
Gaza will become part of sovereign Israel and will be populated by Jews. This will also serve to ease the housing crisis in Israel — Moshe Feiglin
Anyone that says the housing crisis can be resolved with one magic bullet or by the next election isn't being honest. — David Lammy
Human beings are often at their best when responding to immediate crises - car accidents, house fires, hurricanes. We are less effective in the face of enormous but slow-moving crises such as the loss of biodiversity or climate change. — David Suzuki
Housing Market Quotes
We might still be in a bear market, but these conferences are not getting smaller. Full house at SFF session. — Changpeng Zhao
If you're running for reelection in the House of Representatives race, you know, it's very important to you that you be on fairly good terms with the local affiliates in the largest market in your area. I mean you don't want to antagonize them. — Robert McChesney
If you're running for reelection in the House of Representatives race, you know, it's very important to you that you be on fairly good terms with the local affiliates in the largest market in your area. I mean you don't want to antagonize them. — Robert Waterman McChesney
It's like a crapshoot in Las Vegas, except in Las Vegas the odds are with the house. As for the market, the odds are with you, because on average over the long run, the market has paid off. — Harry Markowitz
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things. — Warren Buffett
With all the challenges in the housing market, it's clear we need a new vision for the way we design our homes, our communities-and even our lives. — Sarah Susanka
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. — Alan Greenspan
The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses. — Mark Zandi
Help for first time buyers and other housing market measures will be welcome. — Andy Sawford
Contrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable. — Thomas Sowell
Banking Crisis Quotes
Banks died in 2008. They just haven’t been buried yet. — Max Keiser
I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. — Abraham Lincoln
When banks stop working, the world turns to Bitcoin. — Michael Saylor
Starting in the wake of the 2008 GFC global financial crisis, market observers have warned of a crash in the bond market. initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore, a flight from bonds. — Max Keiser
After the last financial crisis, the banks more than doubled their capital and liquidity and they’re far more aware and better at managing the risks they’re taking. — Jerome Powell
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. — Balaji Srinivasan
And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place. — Dick Durbin
The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity. — Elizabeth Warren
Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending — Nassim Nicholas Taleb
Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that are not, in the long run, in the interests of the banks themselves, and I would like to think that would change. — Mervyn King
Real Estate Market Quotes
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. — James Chanos
As people seek to improve their living environment, there will be continuous demand for residential property. Investment in real estate market should have reasonable prospects in the long run. — Li Ka-shing
Home staging is no longer optional in this real estate market, it is a must! — Barbara Corcoran
Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there. — Nassim Nicholas Taleb
No matter what, the very first piece of Social Media Real Estate I'd start with is a blog. — Chris Brogan
Investing in Chicago property is just Wandas first move into the U.S. real estate market. — Wang Jianlin
When markets go down, opportunities go up for smart real estate investors. I would much rather play the downturn than the upturn. — Harry S. Dent
Make your money on the buy, not the sell; this is true in any investment whether it's real estate, business, or the stock market — Ziad K. Abdelnour
I've been in real estate for my whole life, I've been trying to sharpshoot the market with my investments, I'm never right. All you need to do is get near the bottom. That's good enough. — Barbara Corcoran
People say that about me, that I apparently buy houses near every boy I like - that's a thing that I apparently do. If I like you I will apparently buy up the real-estate market just to freak you out so you leave me. — Taylor Swift
People Writing About Housing Bubble
More Housing Bubble Quotes
The inflation of the 1920s had caused large asset bubbles to form in the housing and stock markets, causing an artificial rise in wages and prices. After the bubble burst, market prices sought readjustment via a drop in the value of the dollar compared to gold, and a drop in real wages and prices. The pigheadedness of deluded central planners who wanted to prevent all three from taking place paralyzed the economy: the dollar, wages, and prices were overvalued, leading to people seeking to drop their dollars for gold, as well as massive unemployment and failure of production. — Saifedean Ammous
I'm not sure most of the people that get caught up in the middle of a bubble can be described as irrational. It seems pretty rational to buy a house and flip it in the next few weeks at a profit when that's been happening for along time. — Paul Samuelson
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 followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi
In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months. — Marc Faber
I was a weird little kid. I was very irritable, bored, frustrated. I felt my imagination bubbling inside my head without having any way to express itself. Given a crayon and paper, I would not draw a train or a house. I would draw these monsters, beasts and demons. — Clive Barker
Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger. — Chuck Todd
I can't wait to go back home and disappear into relative obscurity for a bit. I just want to go back to my house and just get away from it all for a bit. It's so flattering to hear people say nice things about the performance, about the Harry Potter film. It's great. Don't get me wrong. I'm not ashamed of it. I'm not shunning it. It's just been such a bubble I've been in, with these promotions. — Matthew Lewis
Negative effects on the economy were covered up with a flood of liquidity from the Fed. That,plus lax regulation, led to a housing bubble, a consumption boom - but we were living on borrowed money. It was inevitable that there would be a day of reckoning, and it has now come. We will be paying the costs "with interest". — Joseph Stiglitz
If you want to get an advance machine tool job today, you need to know calculus. We know a lot of people don't, we can't expect everyone to know calculus, what do we do? We created a huge bubble that created a huge number of jobs to build houses and to be in retail. You don't have to have a lot of skills to work in the new Gap store that opened, at the latest Starbucks branch, or to hammer a nail for a new house. — Thomas Friedman
You never have a normal family relationship in the White House; it's an impossible thing to have. You live in a goldfish bubble, and you snatch what you can for a personal life, but you never have a normal, natural existence. — Eleanor Roosevelt
Major labels just lost their way. It's like the housing bubble. They lost a sense of the fundamentals. — Win Butler
I knew a guy who had $5 million and owned his house free and clear. But he wanted to make a bit more money to support his spending, so at the peak of the internet bubble he was selling puts on internet stocks. He lost all of his money and his house and now works in a restaurant. It's not a smart thing for the country to legalize gambling [in the stock market] and make it very accessible. — Charlie Munger
A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d'etat underway. — Catherine Austin Fitts
Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that! — Jeremy Grantham
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 Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them. — Mark Zandi
The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping. — David Lereah
When I hear [about a housing bubble] I get the sense that people aren't connecting the dots. — James K. Glassman
I live in a kind of gay bubble. I live in a gay house, I drive a gay car. I eat gay food — Julian Clary
Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis. — Marco Rubio
We went into a recession in 2008 because of gasoline prices. The bubble burst in housing because people couldn’t pay their mortgages because of $4 a gallon gasoline. — Rick Santorum
In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the war, and - very much in third place - tax cuts. — Paul Krugman
Don't you know that there's another bubble as well An expectations bubble. Bigger houses private planes yachts ...... stupid salaries and bonuses. People come to desire these things and expect them. But the expectations bubble will burst as well as all bubbles do. Come to my gallery and I will sell you beautiful things at a more reasonable price. But the point is that they will have value. Things of real beauty things of the spirit. — Edward Rutherfurd
You ever think about having kids?” “All the time.I´d love to have a houseful. Then one of my nieces or nephews turns Exorsist on me and spews the most discusting things imaginable out both ends — things that make the demon snot feel like a bubble bath. That usually cures me of that stupidity for at least a day or two.” (Sam & Dev) — Sherrilyn Kenyon
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