A Quote by Franklin Raines

That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this. — © Franklin Raines
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
Since I walked in the door as secretary of energy, I've been doing everything in our powers to do what we can to reduce these gas prices. ... So, of course we don't want the price of gasoline to go up; we want it to go down.
Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.
It's like living in a retirement home! Clarence is taking a nap right now, and he eats at five. It's so boring." "You've only been here for two days." "And that's been more than enough. The only thing keeping me alive is that he keeps a hefty supply of liquor on hand. But at the rate I'm going, that'll be gone by the weekend. Jesus Christ, I'm climbing the walls." His eyes fell on the cross at my neck. "Oh. Sorry. No offense to Jesus.
In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up.
Since 1978 for the bottom half of the wealth distribution male median wages have actually gone down. And I think that's a crucial reason. If you are a male worker, your median wage since 1979 has gone down.
We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.
Yet if you go to the supermarket and look at food that's produced through industrial agriculture, look at what's happened to the prices. Have they been going down? They've been going up and they will continue to go up. So the choice is either, do we hitch onto a system of agriculture that's doomed and will doom the planet with it, and go along the route of industrial agriculture, or do we want to shift to a kind of system that we know is going to be, in the long run, cheaper, because we'll have a planet left at the end of it? We need to factor that cost in.
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.
Where there had been only fearful emptiness or equally frightening grandiose fan­tasies, an unexpected wealth of vitality is now discovered. This is not a homecoming, since this home has never before existed. It is the creation of home.
Healthcare has been much worse. George W. Bush was destroying the health care system. Obamacare, all it's like doing is keeping prices from going up more rapidly.
It's been a while since I've written a novel aimed at the adult market, but I never sit down and say to myself, 'Okay, now I'm going to write something for us old folks.' I get gripped by an idea, and I go where the idea takes me.
Nationwide thinking, nationwide planning and nationwide action are the three great essentials to prevent nationwide crises for future generations to struggle through.
Unfair trade practices drive up rents for younger people. They will drive up home prices for first-time home-buyers. So it's not just that we're losing jobs and factories. We're giving away our homes, our businesses, our companies, our technologies.
Since I was 19, I've always gone where there was a reason to be. Maybe I'll be lucky and there'll be a reason to go somewhere tropical for a while.
Healthcare is the only civil system where new technology makes prices go up instead of down.
This site uses cookies to ensure you get the best experience. More info...
Got it!