Michael Ealy Quotes

People should buy a house to live in, not as an investment. Property has become such a national obsession - it was the primary subject at dinner parties and how many television shows were dedicated to the market. It's not good for the economy.

Trial and error does not work in real estate. It's way too expensive to learn from your own mistakes, you need to learn from others' mistakes.

The billionaire founder of investment firm Elliott Management was one of several investors who warned financial ministers in 2007 that a crack in the housing market could cause huge problems for the banking industry.

I know about investment. It's really obvious - you buy property, let it sit for a couple of years and then sell it and reinvest.

Many a man who pays rent all his life owns his own home; and many a family has successfully saved for a home only to find itself at last with nothing but a house.

If you were approaching the TARP investments from a pure investment standpoint, then there's no doubt in my mind the taxpayer lost, and probably lost big.

I put all my eggs in one basket and invested in property. I didn't do anything internationally - it was all in Ireland.

Investing in Chicago property is just Wanda's first move into the U.S. real estate market.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

In 2008, when the real estate market blew up, it principally hurt older people who saw the value of their houses go down, along with their pension plans.

Speculation, in its broadest sense, is not an evil in itself, but the contrary, and relieves public distress far oftener than it creates it.

There is enourmous pressure in the investment business to deliver good news. Good news sells better ….To go out there in a bubble and talk about overpriced markets is an invitation to get fired.

Never give anyone the advice to buy or sell shares, because the most benevolent price of advice can turn out badly.

I've learned that all investments have risk.

I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.

I once invested in a risky business. Quite a few people warned me not to do so, but I still went ahead and invested the money.

The housing market has bottomed. It's not too late to get involved.

There's a difference between buying a few places yourself and getting into the property game.

It's impossible to know precisely what constitutes the right house price but I do know that house prices doubling or even tripling over a 10 year period caused a lot of people to find that getting a foot on the housing ladder is near on impossible.

As people seek to improve their living environment, there will be continuous demand for residential property. Investment in real estate market should have reasonable prospects in the long run.

With enough insider information and a million dollars, you can go broke in a year.

An investment decision in the common stock of a company frequently involves a whole lot of factors interacting ... the one thing that causes the most trouble is when you combine a bunch of these together, you get this lollapalooza effect.

I don't know anything about the business side, but I know it's a very, very expensive decision to make, to put production on hold to make the story as good as possible.

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.

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.