Mortgage Quotes

• The world is filled to suffocating. Man has placed his token on every stone. Every word, every image, is leased and mortgaged. We know that a picture is but a space in which a variety of images, none of them original, blend and clash.

  Sherrie Levine

  Photography, Art, Men

  38 Copy quote

• Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.

  Seth Klarman

  Stress, Government, Weather

  6 Copy quote

• Our children lost our direction because they have been compromised. They have found freedom at the ballot box, and then they have taken on plastic chains around their minds and souls and mortgage their future on credit cards. They have to learn better - they have to learn the value of ideas and health as opposed to wealth.

  Andrew Young

  Children, Taken, Ideas

  3 Copy quote

• Anyone who has ever taken out a mortgage will be unsurprised to learn that it is, literally, a /death pledge/.

  Mark Forsyth

  Taken, Pledge

  Mark Forsyth (2011). “The Etymologicon: A Circular Stroll through the Hidden Connections of the English Language”, p.214, Icon Books Ltd

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• Vanity is a mortgage that must be deducted from the value of a man.

  Otto von Bismarck

  Men, Vanity, Values

  10 Copy quote

• If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.

  Warren Buffett

  Home, Years, Want

  5 Copy quote

• The paid-off home mortgage has taken the place of the BMW as the status symbol of choice.

  Dave Ramsey

  Taken, Home, Bmw

  27 Copy quote

• Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.

  Thomas Sowell

  Las Vegas, People, Saving

  "Taxpayers’ Trillion". www.nationalreview.com. September 24, 2008 Read more at: http://www.nationalreview.com/article/225751/taxpayers-trillion-thomas-sowell.

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• Whether low-income people are dealing with access to veteran's benefits, or a protective order to guard against domestic violence, or a way to guard against the loss of their home due to foreclosure and unscrupulous behavior by mortgage providers, there's no way they can afford a lawyer. And that's a serious problem. Because that erodes respect for law, it erodes the prospects for justice.

  Martha Minow

  Home, Loss, People

  Source: to.pbs.org

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• The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.

  Mark Zandi

  Party, Government, Tea

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• The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard

  Rick Santelli

  Government, America, People

  6 Copy quote

• It’s one of those things where when you’re training and fighting, you can’t worry about your bills, your mortgage, did you get your girlfriend pregnant, your pet’s cancer, or anything. Nothing else matters but that dude trying to kick you in the face or throw you on your head or trying to rip your arm out of the socket. It becomes a singularity of purpose, which an ADD kid like me rarely gets. I like that moment of clarity in fights, and I truly have that. I lose myself in the details of those 15 minutes and you don’t worry about what people think of you.

  Forrest Griffin

  Girlfriend, Cancer, Rip

  19 Copy quote

• I am moneys medium. It passes through me- taxes, insurance, mortgage, child support, rent, legal fees. All this dignified blundering costs plenty.

  Saul Bellow

  Children, Support, Cost

  Saul Bellow (1976). “Herzog”, Viking Adult

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• One might ask the question: Is the mortgage interest deduction doing a better job, a worse job, if it's supposed to promote homeownership and savings? Because home ownership is the biggest form of savings in this country. Different people will look at that data and draw different conclusions, but that's just an example of the kind of thing you can pull out of USAFacts and develop a point of view about.

  Steve Ballmer

  Country, Home, People

  Source: www.pbs.org

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• People change, mature, and develop their values, attitudes, and preferences as a function of age. It is actually a strategy deployed by many organizations. The idea is that once Millennials grow up -get a mortgage, family- they will start acting like us and sharing our values. Personally, I would not make that bet. Even if it were to happen, Millennials are putting off seven or more years what other generations have done. Waiting for Millennials to "grow up" is risky when it comes to knowledge transfer, talent development, and competitive advantage.

  Chip Espinoza

  Attitude, Growing Up, People

  Source: bobmorris.biz

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• I think you can imagine everyone has ankle weights on, or technology, and there's a reason that people aren't floating around. But I also liked this idea that in this world, people forgot they can swim. The modern world weighs you down, there's always emails to check, you've gotta go to your job and pay your mortgage. You're not really thinking, "Oh, yeah, I can swim around." BoJack discovering it is a big deal, and kind of fun.

  Raphael Bob-Waksberg

  Fun, Technology, Thinking

  Source: www.hitfix.com

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• If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment." And the realtor says, "Yeah, but you're going to get a tax break." So people pay more than they would otherwise. You take a loss even though you're making a gain.

  T.R. Reid

  Couple, Loss, People

  Source: www.pbs.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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• A lot of these things have hurt the average American. When they look at the banks and they say, "Well, the bank's talking its own game," I am telling you, what we've done in mortgage lending, our inability to have proper regulations around mortgages, has hurt average Americans. First-time buyers, immigrant buyers, prior defaults, self-employed, because they can't get a mortgage. Will it make a big difference to JPMorgan Chase? No, but you're hurting my fellow citizens. Let's go at it, and let's fix it.

  Jamie Dimon

  Hurt, Done

  Source: uk.businessinsider.com

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• The current U.S. and Eurozone depression isn't because of China. It's because of domestic debt deflation. Commodity prices and consumer spending are falling, mainly because consumers have to pay most of their wages to the FIRE sector for rent or mortgage payments, student loans, bank and credit card debt, plus over 15 percent FICA wage withholding for Social Security and Medicare actually, to enable the government to cut taxes on the higher income brackets, as well income and sales taxes.

  Michael Hudson

  Fall, Cutting, Students

  Source: www.counterpunch.org

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• So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations
  that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.

  Michael Hudson

  Fall, Mean, People

  Source: www.counterpunch.org

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• Most of these charges that people pay are economically unnecessary. There's no real cost behind them. There's no real value behind them. So, they're what the classical economist called empty pricing. Prices with no real cost value. What they called rent and fictitious capital. Capital claims on junk mortgage borrowers. The pretense is that all these debts can be paid but it's all fictitious, because everybody knows - at least on Wall Street everybody knows - that many debts can't be paid.

  Michael Hudson

  Wall, Real, People

  Source: www.counterpunch.org

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• 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

  Real, Thinking, People

  Source: www.counterpunch.org

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• Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.

  Franklin Raines

  Years, Economy, Reduction

  6 Copy quote

• I've become a professional failure - in order to pay the mortgage I have to remain unemployed. Luckily, a disaster always seems to befall me at exactly the right moment.

  Toby Young

  Order, Pay, Moments

  4 Copy quote