“That's a very healthy return. If you can make one or two percentage points above [inflation] and still live in your house, you're making some very nice gains.”
“Part of the purchasing decision for buying a house is an expectation of what housing prices are going to do in the future. It's true that houses are getting more and more expensive, but people are increasing their wealth in ways we haven't seen in a while.”
“That's a big slowing. It's evidence that the Federal Reserve and Fed Chairman Alan Greenspan are being effective in their efforts to cool the economy.”
“If they sold their house today, they would still get more money than they paid for it. But they won't be able to buy as many goods and services as they could before.”
