“A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.”

July 2005 http://www.startribune.com/nation/12598281.html, in testimony to the House Financial Services Committee.
2000s

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosure…" by Alan Greenspan?
Alan Greenspan photo
Alan Greenspan 51
13th Chairman of the Federal Reserve in the United States 1926

Related quotes

Alan Greenspan photo
Ron Paul photo
Nouriel Roubini photo
Alan Greenspan photo

“[There are] signs of froth in some local markets where home prices seem to have risen to unsustainable levels.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

July 2005 http://www.startribune.com/nation/12598281.html, in testimony to the House Financial Services Committee.
2000s

“(Sylvia) Things you can do when you’re a grown-up:....3) Default on a home equity loan and lose everything.”

Nicole Hollander (1939) Cartoonist

Source: Sylvia cartoon strip, p. 57

Ben Bernanke photo
V. P. Singh photo
Benjamin Graham photo
Warren Buffett photo

“Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial advance, I would be well satisfied to match the advance of the averages.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Second annual letter to Limited Partners (1957) http://www.safalniveshak.com/wp-content/uploads/2013/12/Warren-Buffett-Berkshire-Letters-1957-2012.pdf
Letters to Shareholders (1957 - 2012)

Warren Buffett photo

Related topics