A Quote by Richard Florida

Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of housing finance to usher in the era of suburbanization. We need an even more radical shift in housing today. Housing has consumed too much of our economic resources and distorted the economy. It has trapped people who are underwater on their mortgages or can't sell their homes. And in doing so has left the labor market unable to flexibly adjust to new economic realities.

Richard Florida

Quote Topics

Adjust Always Been Consumed Created Deal Depression Distorted Doing Economic Economic Resources Economy Era Even Federal Federal Government Finance Government Great Great Depression Homes Housing Key Labor Left Market More Much Need New New Deal Our People Radical Realities Resources Sell Shift Suburbanization System Today Too Too Much Trapped Unable Underwater

Quote Author

Richard Florida
American - Professor
Born: 1957

Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.

Randy Neugebauer

I think housing is not a simple commodity because we are so in short supply of land. So the government has a role to play in providing housing - decent housing and affordable housing - for the people of Hong Kong.

Carrie Lam

You know, even in the economic downturn in Alberta, there are restaurants in Calgary, and even in Canmore up the mountain, that cannot open for lunch because they cannot find staff. And they cannot find staff because there's nowhere for those people to live. And so safe and decent housing, market housing, subsidized housing, the whole bit, we really, really need to have our heads on straight on this, and we don't yet.

Naheed Nenshi

We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is rewarded by the federal tax code, which made great sense when that piece of the American Dream, and all the consumption that came with it, was essential to rebuilding the economy. These days, however, it feels like a huge penalty to people who want to travel light within the new mobile economy without a mortgage to hold them back.

Richard Florida

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

Ron Paul

Housing in New York City has become too expensive for many average wage earners, let alone people with marginal incomes, who find themselves displaced to far-flung neighborhoods or to the streets. Racist discrimination in housing, which has been around for decades and follows centuries of slavery, has exacerbated the housing affordability crisis for people of color.

Solly Granatstein

By laying the groundwork for a system centered on home ownership rather than the public housing popular in Europe, the New Deal made possible the great postwar housing boom that populated the Sun Belt and boosted millions of Americans into the middle class, where, ironically, they often became Republicans.

Jonathan Alter

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.

Randy Neugebauer

People need to get involved in their neighborhood groups and the many housing reform groups that are out there. We need to hold our elected officials accountable and push them to create legislation that protects tenants and keeps people in their homes. Our governments - local, state and federal - also need to allocate resources to enforce the fair housing laws that are already on the books.

Solly Granatstein

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

Mark Zandi

Contrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable.

Thomas Sowell

We can't keep limiting ourselves when it comes to housing. Affordable housing and teacher housing are too crucial to let the failed policies of the past get in the way.

London Breed

I can remember the time when, if we wanted a house or housing, we relied on private enterprise. In fact, Americans built more square feet of housing per person than any other country on the face of the earth. Despite that remarkable accomplishment, more and more people are coming to believe that the only way we can have adequate housing is to use government to take the earnings from some and give these earnings, in the form of housing, to others.

Leonard Read

Public housing is off-limits to you if you have been convicted of a felony. For a minimum of five years, you are deemed ineligible for public housing once you've been branded a felon. Discrimination in private housing market's perfectly legal.

Michelle Alexander

So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that.