Mark Zandi Quotes

When every piece of furniture and your underwear are taken by the bank, when you lose your house in Florida, in New York, in Amsterdam and L.A., when your wife is dying and your son abandons you, you don't feel very good.

My father made false teeth. Unfortunately, during the Depression, not many people could afford them, and my parents lost their home.

The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.

If it isn't the sheriff, it's the finance company; I've got more attachments on me than a vacuum cleaner.

Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.

The problem with not saving is it can often mean you're - a crisis away from, as we've seen in some cases, living in your car or losing your home or - having your lights shut off.

I learned early on what debt means, how vulnerable it makes people, what the security of owning a home means.

I rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes.

You're out of business!

We are broke—bankrupt—really bankrupt!

Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.

Foreclosure is nothing new. And it certainly will always be a fact of life for some.

I know what it's like to have a house repossessed... I've been there.

We are pretty tough in saying for example if you've got unsecured debts and less than £25,000 that should not be an excuse for repossessing someone's home.That should not be allowed.You have got to help manage people through this process. I don't want to pretend that it is going to be easy getting out of Gordon Brown's hole.

A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.

Home is memory, home is your history, home is where you work. Some people want to abandon it and become truly local. But the questions are all there.

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

I would not want to be a mobile home repo man. Those would be hard to sneak away - "Knock knock - Hi, would you go cut your grass and look that way for a half an hour?"

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

I felt a bottomless sadness. So completely alone. Like one of my stuffed animals at home that I was too old for now, that sat on the shelf in my closet, mashed against the back wall.

Every time a bank swoops down to snatch up a home, it should be met with a crowd of jeering, obstructive neighbors. And although this may be point 4.5, how about organizing a mass refusal to pay back student loans?

An old house with its windows gone always makes me think of something dead with its eyes picked out.

We want the accursed foreclosure system wiped out.... We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.

Home I would go But that my doors are hateful to my eyes, Fill'd and damm'd up with gaping creditors, Watchful as fowlers when their game will spring.

Poverty became something one could see and experience firsthand, no matter where one was on the economic ladder; it became something you could viscerally experience through the lives of friends, family, neighbors, colleagues. I'd venture to say it's a rare person in 2013 America who knows nobody who lost a job in the recession, or knows nobody whose home went underwater or who went into foreclosure.