“I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages.” ShouldFirstsHomePercentFirst TimeAskingCongressRemoveZeroInitiativePaymentMortgageBuyers Author:George W. Bush
“Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.” ThinkingAbleEconomyRight NowLowsPercentSevenRateConsumersPocketsMore MoneyMortgageRefinance Author:Franklin Raines
“If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have what they call social tools, and, you know, you're going to feel like an idiot if you didn't do it, because the house cost more.” IfsThinkingKnowsGivingFeelsYearsLittlesHas BeensDoneLyingNextHouseSocialEasyCostPercentToolsIncomeIdiotProvenNext YearMortgageHouse Prices Author:Howard Warren Buffett
“Some think that it is cruel or brutal to remove the bottom 10 percent of our people. It isn't. It's just the opposite. What I think is brutal and "false kindness" is keeping people around who aren't going to grow and prosper. There's no cruelty like waiting and telling people late into their careers that they don't belong - just when the options are limited and they're putting their children through college or paying off big mortgages.” PeopleThinkingChildrenBigsGrowsWaitingCareersKindnessCollegeLatePercentOppositesBottomCrueltyRemoveBrutalMortgage Author:Jack Welch
“President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.” WarStatesCoursesNationsPresidentInterestKnownPovertyPlansTaxesPercentThirdsRateAverageProsperityIncomeLocalsAdministrationContributionWealthyPresident ObamaJohnsonNotableMortgageIncome TaxCharitableDeductionsWar On PovertyPresident Lyndon Johnson Author:Dick Morris
“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.” QualityEconomyFivePercentCrisisRateCreditDebtFavorsCardsSavingZeroTerrifiedEconomistSavingsIrresponsibleMortgageCredit CardCraftsmanshipMortgage Crisis Author:Denis Hayes
“An aggressive building performance standard for all new buildings, and a set of performance requirements to be met by all buildings before they can be sold (when upgrades can be included in the new mortgage). These should encompass heating and cooling, lighting, and plug loads. Coupled with new efficiency standards for appliances, lights, and furnaces, this should reduce the energy consumption of new buildings by 50 percent, more or less immediately, and go on from there.” ShouldLightEnergyBuildingGoes OnMetsStandardsPercentPerformancesAggressiveLoadConsumptionEfficiencyRequirementsLightingMortgagePlugsFurnacesAppliancesHeatingCoolingEnergy Consumption Author:Denis Hayes
“When somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have social tools, and you're going to feel like an idiot if you didn't do it, because the house cost more.” IfsGivingFeelsLittlesHas BeensDoneLyingHouseSocialEasyCostPercentToolsIncomeIdiotProvenMortgage Author:Warren Buffett