Housing Bubble Quotes by Mark Zandi, Paul Krugman, Win Butler, Marc Faber, Jeremy Grantham, James K. Glassman and many others.
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.
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.
Major labels just lost their way. It’s like the housing bubble. They lost a sense of the fundamentals.
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
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.
Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think thereвЂ™s a housing bubble and youвЂ™ll have a reasonable discussion. Tell an Australian and youвЂ™ll have World War III. Been there, done that!
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.
When I hear [about a housing bubble] I get the sense that people aren’t connecting the dots.
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.