Homeowners Quotes

Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral. ~ Michael Hudson

One more time? We've done this. We've done this at least four times where there's a new government program to help homeowners who have trouble with their mortgages. None of these programs have worked. I don't know why anyone would think that this next idea is going to work. All it does is delay the clearing of the market. As soon as the market clears and we understand where the prices really are - [that] will be the most important thing we can do in order to improve home values around the country. ~ John Boehner

Take one famous example: arguments about property destruction after Seattle. Most of these, I think, were really arguments about capitalism. Those who decried window-breaking did so mainly because they wished to appeal to middle-class consumers to move towards global exchange-style green consumerism, and to ally with labor bureaucracies and social democrats abroad. This was not a path designed to provoke a direct confrontation with capitalism, and most of those who urged us to take this route were at least skeptical about the possibility that capitalism could ever really be defeated. Many were in fact in favor of capitalism, if in a significantly humanized form. Those who did break windows, on the other hand, didn't care if they offended suburban homeowners, because they did not figure that suburban homeowners were likely to ever become a significant element in any future revolutionary anticapitalist coalition. They were trying, in effect, to hijack the media to send a message that the system was vulnerable -- hoping to inspire similar insurrectionary acts on the part of those who might be considering entering a genuinely revolutionary alliance; alienated teenagers, oppressed people of color, undocumented workers, rank-and-file laborers impatient with union bureaucrats, the homeless, the unemployed, the criminalized, the radically discontent. If a militant anticapitalist movement was to begin, in America, it would have to start with people like these: people who don't need to ~ David Graeber

The neighborhood homeowners always knew when she ran by, because they suddenly felt the desire to organize their sock drawers and finally replace those burned out light-bulbs they'd been meaning to. ~ Sarah Addison Allen

You're not allowed to park a truck in your driveway. You're not allowed to work on your house on Sunday. The people who enforce these laws are nuts. After I wrote a column on this, I got I don't know how many letters from Coral Gables homeowners, story after story after story, wonderfully horrible stories. And the venom they felt for their own government! ~ Dave Barry

I am calm, blondie."

"Even though these men are probably slavers or cannibals?"

"Nah, homeowners' association gone awry. ~ Kresley Cole

Every day there are homeowners in California who will either receive relief so they can stay in their home, or will be in the foreclosure process and potentially lose their home. And that always weighed heavily on my mind. ~ Kamala Harris

Homeowners' Association: the means whereby people who own homes are able to transfer their rights to the neighborhood control freaks. ~ Ron Brackin

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

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like. ~ Martin Feldstein

The instability of a white neighborhood under pressure from the very possibility of integration put the neighborhood into a kind of real estate purgatory. It set off a downward cycle of anticipation, in which worried whites no longer bought homes in white neighborhoods that might one day attract colored residents even if none lived there at the time. Rents and purchase prices were dropped "in a futile attempt to attract white residents," as Hirsch put it. With prices falling and the neighborhood's future uncertain, lenders refused to grant mortgages or made them more difficult to obtain. Panicked whites sold at low prices to salvage what equity they had left, giving the homeowners who remained little incentive to invest any further to keep up or improve their properties. ~ Isabel Wilkerson

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments. ~ Mark Zandi

The Chinese Communist Party has seen fit to protect most property rights because it recognizes that it has a self-interest in doing so. But the party faces no legal constraints other than its own internal political controls if it decides to violate property rights. Many peasants find their land coveted by municipal authorities and developers who want to turn it into commercial real estate, high-density housing, shopping centers, and the like, or else into public infrastructure like roads, dams, or government offices. There are large incentives for developers to work together with corrupt local officials to illegally take land away from peasants or urban homeowners, and such takings have been perhaps the largest single source of social discontent in contemporary China.33 ~ Francis Fukuyama

One way for communities to create affordable housing is for local communities to adopt land-use rights. Local governments or community land trusts would provide financing to homebuyers, who would then make land contributions on their properties in perpetuity. As a result, communities would get reimbursed for the goods and services they provide to homeowners, while property buyers would primarily become home buyers not land buyers. ~ Martin Adams

People will hunt obsessively for months or even years to find the right home to live in. When it comes to love though, they expect their future soulmate to appear out of thin air as they enter the next bar or club they go to. ~ Stewart Stafford

True story: Some homeowner's burning a yard pile just like this one. And he goes inside for lemonade and opens the cabinet under the sink to toss something in the trash, and this rat's down in the bottom, gnawing a chicken bone. The rat had been driving the guy crazy for months, living in the walls and scampering through the attic at night like it had combat boots. So the guy grabs a rolling pin and beats it to death. Then he takes it outside and throws it on the burning pile." "Good story," said Coleman. "What's the problem?" "The rat's not dead. The heat wakes him up. It jumps off the pile and makes a beeline for the house. Except now its fur's on fire. The homeowner tries to intercept, but it zips between his legs, runs back inside and gets in the walls. Ignited the insulation. Whole place burned down. ~ Tim Dorsey

Insurance is meant for extraordinary circumstances. You don't use car insurance to pay for oil changes or gasoline; you have it as protection in case you have a terrible accident or your car is stolen. You don't use homeowners' insurance to pay your electricity and water bills; you have it as protection in case a fire or other catastrophic event produces a large expense. Obviously, any insurance policy that promises to cover every small, ordinary expense is going to be much more expensive than one that covers only extraordinary expenses. ~ Harry Browne

Homeowners refinance their loans when interest rates go down. Businesses refinance their loans. ~ Elizabeth Warren

In fact, there are more homeowners today than ever before in the history of our Nation and more minority homeowners than ever before in the history of our Nation. ~ Todd Tiahrt

Someday we might look back with a curious nostalgia at the days when profligate homeowners wastefully sprayed their lawns with liquid gold to make the grass grow, just so they could then burn black gold to cut it down on the weekends. ~ Alok Jha

I've made an incredible amount of money stealing fans from homeowners. ~ Douglas Wilson

Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007? ~ Bill Gross

More Americans own their home than ever before. Nearly 70 percent of American's are homeowners. So it is a good time for us to asses the positive impacts of homeownership on families, communities and on the nation's economy. ~ Randy Neugebauer

Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be. ~ Ben Bernanke

I pay for homeowner's insurance, I pay for car insurance, I pay for health insurance. ~ Elizabeth Warren

As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than 132,000 such loans in 2007, an increase of more than 270 percent from two years earlier. ~ Charles Duhigg

If we leave the European Union it's a risk to our economy - it's a risk to pensioners, it's a risk to homeowners, it's a risk to people in work. ~ George Osborne

A homeless person should know that many souls feel utterly homeless in spite of living into the bodies of wealthy homeowners ~ Munia Khan

One of the biggest insurance mistakes boat owners make is endorsing their boats onto their homeowners policies, which may not cover their losses from a major storm. ~ Scott Hall

Homeowners and business owners across the country agreed to pay premiums, communities agreed to adopt building codes to mitigate flood dangers, and the Federal Government agreed to provide insurance coverage to policyholders after a disaster. ~ Bob Ney

I think that we should ban so-called junk guns. I think we should ban assault weapons like the weapons used here [in Fort Worth], yes. I think that the kinds of weapons that have no legitimate use for hunting or the kind of weapon that a homeowner would use, I think they should be banned, yes, those kind of weapons. ~ Al Gore

Disasters redistribute money from taxpayers to construction workers, from insurance companies to homeowners, and even from those who once lived in the destroyed city to those who replace them. It's remarkable that this redistribution can happen so smoothly and quickly, with devastated regions reinventing themselves in a matter of months. ~ James Surowiecki

Evidently there is no need for delay, no need for further study, if the government takes a loss and Wall Street makes a profit, but it is absolutely necessary to delay if homeowners might have a chance to cut their mortgages and stay in their homes. This is wrong, and it is time to fight back! ~ Elizabeth Warren

If God did not intend the cat to live happily with humankind, why is there a meow in the middle of the word 'hoMEOWner'? ~ Leonore Fleischer

For many people, the mortgages they took out before 2008 are so high that they would be better off walking away from their houses. That is called "jingle mail," returning the keys to the bank and saying, "You can have the house. I can buy the house next door that's just like this for 20% less, so I'm going to save money and switch." That's what someone like Donald Trump or a real estate investor would do. But the banks are trying to convince the mortgage debtors, the homeowners, not to act in their own self-interest. ~ Michael Hudson

Based on the overwhelming array of luxury products manufacturers have recently introduced, homeowners want anything that makes their lives more comfortable at home. Whether it involves heating/warming accessories or spa-like home environments, it's part of the 'cocooning' phenomena that has resurfaced. People are spending more time at home and they want to be comfortable. They want to use their home to its full potential, not just as a place to eat and sleep between workdays. ~ Stephanie Miller

The big fear of the 1980s mortgage bond investor was that he would be repaid too quickly, not that he would fail to be repaid at all. The pool of loans underlying the mortgage bond conformed to the standards, in their size and the credit quality of the borrowers, set by one of several government agencies: Freddie Mac, Fannie Mae, and Ginnie Mae. The loans carried, in effect, government guarantees; if the homeowners defaulted, the government paid off their debts. ~ Michael Lewis

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables. ~ Dale T. Mortensen

Tax systems are essentially the mechanisms by which societies decide what people have to share with each other versus what they can keep for themselves.

Instead of taxing production and consumption, we can simply capture land value instead. Maxim: Keep what you earn, pay for what you use.

In such a system, employees, consumers, business owners, business investors, homeowners, farmers and even retirees would be better off. Only those who use land inefficiently or seek to profit from it directly would lose - land speculators, banks, mining companies, extractive industries. ~ Martin Adams

The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay. ~ Michael Hudson

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes. ~ Ben Bernanke

Once a reporter stood in front of a fire as it consumed a house and then he turned to see the homeowners and their little son watching it burn. The reporter, fishing for a human interest angle, said to the boy, "Son, it looks like you don't have a home anymore." The little boy promptly answered, "Oh, yes, we have a home. We just don't have a house to put it in." ~ Barbara Johnson

What Habitat does is much more than just sheltering people. It's what it does for people on the inside. It's that intangible quality of hope. Many people without decent housing consider themselves life's losers. This is the first victory they may have ever had. And it changes them. We see Habitat homeowners go back to school and get their GEDs, enter college, do all kinds of things they never believed they could do before they moved into their house. By their own initiative, through their own pride and hope, they change. ~ Millard Fuller

As homeowners see the value of their homes decline, they become more likely to delay purchases of the big items - like automobiles, electronics and home appliances - that are ballasts of the American economy. When those purchases decline, large manufacturing firms, suddenly short on funds, could begin laying off employees. ~ Charles Duhigg

Hispanic and African American neighborhoods had been targeted by the subprime lending industry: renters were lured into buying bad mortgages, and homeowners were encouraged to refinance under riskier terms. Then it all came crashing down. Between 2007 and 2010, the average white family experienced an 11 percent reduction in wealth, but the average black family lost 31 percent of its wealth. The average Hispanic family lost 44 percent. ~ Matthew Desmond

For an economic recovery program to be effective, it must not only create a short-term economic boost but also generate lasting value. Home Star would accomplish that by breaking down the key barrier between homeowners and money-saving retrofits: upfront costs. ~ Peter Welch

Too many families and homes remain unnecessarily vulnerable to natural disasters like hurricanes. While mitigation will never eliminate the risk to homeowners, it could reduce loss and, in many cases, save a family's home. For every $1 spent on mitigation, $4 in post-storm cleanup and rebuilding is saved. ~ Tom Rooney

Homeowners want solar power. It's cost-effective. We invented a business model that makes it really easy for consumers to switch to solar - and that's solar-as-a-service. ~ Lynn Jurich

I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans. ~ Barack Obama