A Quote by Evan Davis

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?'

Evan Davis

Quote Topics

Anyone Asks Down Ever Fix Go Going Good Good Time House House Prices Me Mortgage Mortgage Rate Prices Questions Rate Time Two

Quote Author

Evan Davis
British - Economist
Born: April 8, 1962

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

I'm a husband and a dad. Two thirds of my day is spent being that character. It's a huge part of my identity and why I pursue things I do. I'm interested in questions my son asks me, like, "Why do animals fight? Why do you have to leave us to go on the road?" Everything he asks gets me thinking. If I'm going to do this, sacrifice time with family and friends, sacrifice resources, I need to think carefully about what I going to say and how I'm going to say it.

Ben Sollee

There are two questions a man must ask himself: The first is 'Where am I going?' and the second is 'Who will go with me?' If you ever get these questions in the wrong order you are in trouble.

Sam Keen

The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans.

Michael Hudson

Poverty is not a mortgage on the labor of others-misfortu ne is not a mortgage on achievement-fai lure is not a mortgage on success-sufferi ng is not a claim check, and its relief is not the goal of existence-man is not a sacrificial animal on anyone’s altar nor for anyone’s cause-life is not one huge hospital.

Ayn Rand

I'm interested in questions my son asks me, like, "Why do animals fight? Why do you have to leave us to go on the road?" Everything he asks gets me thinking.

Ben Sollee

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.

Howard Warren Buffett

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.

Michael Hudson

Mr Lorry asks the witness questions: Ever been kicked? Might have been. Frequently? No. Ever kicked down stairs? Decidedly not; once received a kick at the top of a staircase, and fell down stairs of his own accord.

Charles Dickens

The Palestinians are not going anywhere - -they have nowhere to go. The Israeli Jews also aren't going anywhere - they have nowhere to go. But we cannot become one happy family, because we are not. So, we have to divide the house into two smaller apartments and learn how to say, "good morning" in the hall every day. Eventually, perhaps we will pop in on each other for a cup of coffee. But we need this semi-detached house, a two-family unit.

Amos Oz

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.

Michael Hudson

In June 2005, mortgage rates were at 40-year lows, and risk premiums on mortgage securities were at all-time lows. Once the banks migrated to the subprime area, there was little else that could be done to send housing prices higher.

Michael Burry

I am very shy. If I am flying British Airways and the airhostess asks me two questions, and I don't understand her accent - I will go hungry for the entire flight.

Shahrukh Khan

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

Alan Greenspan

I asked one retailer, I said, "Let me ask you, are you going to raise prices next year?" They looked at me and said, "Not only are we not going to raise prices, we're going to have to lower prices, increase the quality of the goods, and turn the inventory quicker."