Homeowners Quotes - Page 2

• Insurance is meant for extraordinary circumstances. You don't use car insurance to pay for oil changes or gasoline; you have it as protection in case you have a terrible accident or your car is stolen. You don't use homeowners' insurance to pay your electricity and water bills; you have it as protection in case a fire or other catastrophic event produces a large expense. Obviously, any insurance policy that promises to cover every small, ordinary expense is going to be much more expensive than one that covers only extraordinary expenses.

  Harry Browne

  Fire, Oil, Car

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• Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?

  Bill Gross

  Wall, Long, Bankers

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• One more time? We've done this. We've done this at least four times where there's a new government program to help homeowners who have trouble with their mortgages. None of these programs have worked. I don't know why anyone would think that this next idea is going to work. All it does is delay the clearing of the market. As soon as the market clears and we understand where the prices really are - that will be the most important thing we can do in order to improve home values around the country.

  John Boehner

  Country, Home, Thinking

  "John Boehner: Time For Government To Stop Helping Homeowners" by Michael McAuliff, www.huffingtonpost.com. February 1, 2012.

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• 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

  Moving, Mean, Thinking

  Source: www.counterpunch.org

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• The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.

  Michael Hudson

  People, House, Balance

  Source: www.counterpunch.org

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• Mortgage is one of the most popular deductions. It costs the Treasury about $103 billion a year. Now that's money we could use to treat wounded veterans or reduce the deficit or fill the border. Instead, we give it a subsidy to homeowners, and it goes mainly to the richest homeowners in America, because only one third of Americans itemize their deductions. It doesn't work. Many countries have gotten rid of the mortgage interest deduction. Almost all of them have higher homeownership rates than we do.

  T.R. Reid

  Country, Giving, Veteran

  Source: www.pbs.org

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• Ever since I've become a filmmaker, I'm traveling the world a lot. I feel like I'm a citizen of the world, yet there's no single place that I can put my roots down and call home. I don't own anything. I'm not a homeowner. I've always rented and never stayed in one place for long. Almost every time I rent a place, I have some sort of water leakage or flooding. Whenever that happens, I just move somewhere else. Even when I moved to Paris, my apartment started leaking after a month. Maybe the leaking is just part of my life, doomed to follow me around.

  Tsai Ming-liang

  Moving, Home, Long

  Source: www.avclub.com

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• For many people, the mortgages they took out before 2008 are so high that they would be better off walking away from their houses. That is called "jingle mail," returning the keys to the bank and saying, "You can have the house. I can buy the house next door that's just like this for 20% less, so I'm going to save money and switch." That's what someone like Donald Trump or a real estate investor would do. But the banks are trying to convince the mortgage debtors, the homeowners, not to act in their own self-interest.

  Michael Hudson

  Real, Walking Away, Keys

  Source: www.counterpunch.org

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• Evidently there is no need for delay, no need for further study, if the government takes a loss and Wall Street makes a profit, but it is absolutely necessary to delay if homeowners might have a chance to cut their mortgages and stay in their homes. This is wrong, and it is time to fight back!

  Elizabeth Warren

  Wall, Home, Fighting

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• I think that we should ban so-called junk guns. I think we should ban assault weapons like the weapons used here [in Fort Worth], yes. I think that the kinds of weapons that have no legitimate use for hunting or the kind of weapon that a homeowner would use, I think they should be banned, yes, those kind of weapons.

  Al Gore

  Thinking, Hunting, Gun

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• Regarding local residents attempting to ban sex shops from their neighborhoods: You show me a parent who says he's worried about his child's innocence and I'll show you a homeowner trying to maintain equity.

  George Carlin

  Sex, Children, Parent

  George Carlin (1998). “Brain Droppings”, Hyperion

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• If God had wanted us to spend all our time fretting about the problems of home ownership, He would never have created beer. This is not to say that I am recommending that you totally ignore your responsibilities as a homeowner and just sit around all day with a can of beer in your hand. No indeed, I have long been a believer in purchasing bottled beer, and pouring it into a chilled glass.

  Dave Barry

  Responsibility, Home, Beer

  Dave Barry (2010). “Homes and Other Black Holes”, p.8, Ballantine Books

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• Despite a lingering low inventory and increasing prices, consumers still have the confidence to purchase a home. More and more people recognize the many opportunities in this market and the significant value of low interest rates. As job creation and wages continue to improve, many more first-time buyers are now making the decision to become homeowners.

  Dave Liniger

  Jobs, Home, Opportunity

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• You're not allowed to park a truck in your driveway. You're not allowed to work on your house on Sunday. The people who enforce these laws are nuts. After I wrote a column on this, I got I don't know how many letters from Coral Gables homeowners, story after story after story, wonderfully horrible stories. And the venom they felt for their own government!

  Dave Barry

  Sunday, Government, Law

  "All I Think Is That It's Stupid". Interview with Glenn Garvin, reason.com. December 1, 1994.

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• We're dabbling in eugenics all the time, breeding ideal crops to replace less aesthetic or nutritious or hardy varieties; leveling forests to graze cattle or erect shopping malls and condos; planting groves of a few familiar trees that homeowners and industries prefer.

  Diane Ackerman

  Eugenics, Shopping, Tree

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