Mellody Hobson Quotes

A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.

The virtues of homeownership are so ingrained in the American psyche that we often forget that housing is also a source of economic stress. Rising milk prices are regarded as a household tragedy for some, and spiking gas prices stoke national outrage. But whenever home prices go up, it’s “a recovery,” even though that recovery also means millions of people can no longer afford to buy.

Help for first time buyers and other housing market measures will be welcome.

High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.

We just went through the biggest housing bubble in history and now housing prices are starting to go up again. I don’t know what to make of that.

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

For resident stability, I fully agree with the government's stance that stabilizing the housing market should be the first and foremost step.

I am very open to looking at potential tax changes to improve housing affordability.

If I can't afford a house, or afford to keep it, I don't want to have it.

You see politicians talking about negative gearing or tax on your second home - most people I knew growing up couldn't afford the rent, let alone buying a house, or a second house.

One of the biggest problems that we have right now is that in some areas of the State we cannot get additional jobs created because they say the housing costs are too high.

I wish that real estate were cheaper and clothes were more expensive.

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.

The two questions that anyone ever asks me are: 'Are house prices going to go down?' and 'Is it a good time to fix my mortgage rate?'

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

Manhattan is increasingly less available to average-income earners.

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.

Our economy isn't going to recover until the housing market finds its footing.

Once the housing market begins to recover, I would phase out the mortgage tax deduction.

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.

Today's gasoline prices are taking a severe toll on Americans' pocketbooks. Consumers are anxious.

I tried all my life to make housing affordable. The more affordable the house, the more money I make.

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.

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures.

There was a time, a few decades ago, when the cost of living did not vary all that much from city to city. Since then, as places like New York, San Francisco and Seattle have been hit with skyrocketing rents and home prices, the regional disparity in housing costs has altered how Americans of different incomes pursue opportunity.