HOME POPULAR Love Life Inspiration Motivation Funny Friendship Family Faith Happy Hurt Sad Cute Success Wisdom ALL TOPICS Animals Art Attitude Beauty Business Birthdays Dreams Facts Fitness Food Forgiving Miss You Nature Peace Smile So True Sports Teenage Trust Movie TV Weddings More.. AUTHORS Einstein Plato Aristotle Twain Monroe Jefferson Wilde Carroll Confucius Hepburn Dalai Lama Lewis Lincoln Mandela Lao Tzu Ford More.. Affirmations Birthday Wishes
Follow On Pinterest
Advertisements

Mark Zandi Quotes

Advertisements
Advertisements
Advertisements
Advertisements
1 2
Friendship Quotes Love Quotes Life Quotes Funny Quotes Motivational Quotes Inspirational Quotes
Advertisements
Text Quotes
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy’s long-run performance to restrain government spending rather than raise taxes.  (Mark Zandi Quotes) Housing was ground zero for the Great Recession. Between early 2006 and Obama’s inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half  (Mark Zandi Quotes) Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year ‘bullet’ loans, which did not amortize and were due in full at maturity  (Mark Zandi Quotes) Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors’ costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general  (Mark Zandi Quotes) It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government’s overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate  (Mark Zandi Quotes) The average credit score of today’s FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow  (Mark Zandi Quotes) The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake  (Mark Zandi Quotes) 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 Quotes) The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic  (Mark Zandi Quotes) In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn’t know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.  (Mark Zandi Quotes) The FHA’s success provides strong evidence that government can and should play a role in the nation’s mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it  (Mark Zandi Quotes) Buying a home wouldn’t make much sense if house prices were likely to decline further; no one wants to catch a falling knife.  (Mark Zandi Quotes) President Obama’s reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring.  (Mark Zandi Quotes) We need to get rid of the debt ceiling law. It’s anachronistic and it’s a problem.  (Mark Zandi Quotes) In a normal time, I don’t think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.  (Mark Zandi Quotes) Now, I do think when we move into 2012 and 13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.  (Mark Zandi Quotes) I only have two things in my life, my family and work. If there’s any time left over, then I play sports.  (Mark Zandi Quotes) We’re getting job creation in healthcare and educational services. We’ve been getting that all along. It’s demographically driven, it’s funded by the government, and that’s held up.  (Mark Zandi Quotes) There is a banking adage that if it’s growing like a weed, it’s a good chance that it’s a weed.  (Mark Zandi Quotes) Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?  (Mark Zandi Quotes) Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy’s long-run performance to restrain government spending rather than raise taxes  (Mark Zandi Quotes) Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall  (Mark Zandi Quotes) We’re getting job creation in healthcare and educational services. We’ve been getting that all along. It’s demographically driven, it’s funded by the government, and that’s held up  (Mark Zandi Quotes) A home is still the biggest asset that most Americans own  (Mark Zandi Quotes) Our economy isn’t going to recover until the housing market finds its footing  (Mark Zandi Quotes) I only have two things in my life, my family and work. If there’s any time left over, then I play sports  (Mark Zandi Quotes) Buying a home wouldn’t make much sense if house prices were likely to decline further; no one wants to catch a falling knife  (Mark Zandi Quotes) The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive  (Mark Zandi Quotes) Yes. I don’t think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011  (Mark Zandi Quotes) There is a banking adage that if it’s growing like a weed, it’s a good chance that it’s a weed  (Mark Zandi Quotes)
1 2