A Quote by Michael Hudson

Actually, high housing prices don't help the economy. They raise the cost of living.

Michael Hudson

Quote Topics

Actually Cost Cost Of Living Economy Help High Housing Living Prices Raise

Quote Author

Michael Hudson
American - Professor
Born: 1939

The advantages of globalization are actually much like the advantages of technological improvement. They have very similar effects: they raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy.

Gita Gopinath

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.

William Baldwin

We all know that housing prices are going up, but what most people don't realize is that this has become a family problem. Housing prices are rising twice as fast for families with kids.

Amelia Warren Tyagi

A credit card sometimes adds to the high cost of living but more often to the cost of high living.

Bob Phillips

One common way of judging whether housing's price is in line with its fundamental value is to consider the ratio of housing prices to rents. This is analogous to the ratio of prices to dividends for stocks.

Janet Yellen

What some people mistake for the high cost of living is really the cost of living high.

Doug Larson

What's new is high oil prices and the economy hates high oil prices.

Richard Heinberg

The high cost of living is a minor problem when compared to the cost of high living.

Mardy Grothe

The cost of the high-cost economy remains too high.

Paul Wolfowitz

Businesses across the country are raising their prices in order to compensate for their added costs due to Obama's health care plan. If they aren't raising prices, they're cutting jobs as a result of the added cost, both of which hurt our economy.

Pam Bondi

A high standard of living cannot remain the exclusive possession of the West - and the sooner we can help other peoples to develop their resources, raise their living standards, and strengthen their national independence, the safer the world will be for us all.

Robert Kennedy

The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices.

Jamie Dimon

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."

Ken Moelis

So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?

Michael Hudson

When regulations on the housing industry are reasonable, the cost of housing goes down. Regulatory relief is needed to make housing more affordable to more Americans.