“Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.” HomeFallGrowsSharePropertySignificantDiscountsVacant Author:Mark Zandi
“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 as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.” HardUseHomeGovernmentJobsFallHouseEconomyCuttingTaxesProgramPropertyDisappearLocalsOwnersHouseholdSmall BusinessRevenueLoanEnthusiasticProspectsBusiness OwnersLocal GovernmentSmall Business OwnersCollateralProperty TaxesHouse Prices Author:Mark Zandi
“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.” FallHouseShareKeysPercentSellsPropertyHousingForeclosureHousing MarketHouse Prices Author:Mark Zandi
“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.” Has BeensWisdomValuesFallThreePoliticsLostEconomySacrificeWindAmountPropertyDebtLiberalismContractsCatastropheCautiousSowingWhirlwind Author:Thomas Jefferson
“If you dropped me off a space platform onto the ground where a line was drawn, I would fall to the left side of it. I believe the difference between right and left is that the right, for the most part, the bulk of their philosophy is interested in property, and the rights of people to own property and gain and acquire and keep property. And I think on the left - though they blend and mix - on the left primarily you will find people who are more concerned about humans, and the human condition, and what can be done.” PeopleIfsThinkingBelieveHumansDonePhilosophyFallLeftI BelieveSidesDifferencesLinesSpaceRightsConditionsGainsConcernedPropertyAcquireHuman ConditionPlatforms Author:George Carlin
“If the men of property will not support us, they must fall. Our strength shall come from that great and respectable class, the men of no property” IfsMenFallClassSupportHe ManPropertyRespectable Author:Theobald of Bec