Mark Zandi Quotes

• Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase – does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting – are the costs of owning a home lower than the cost of renting it?

  Mark Zandi

  Topics in Uncategorized

• Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy’s long-run performance to restrain government spending rather than raise taxes.

  Mark Zandi

  Topics in Uncategorized

• Our economy isn’t going to recover until the housing market finds its footing.

  Mark Zandi

  Topics in Uncategorized

• Our biggest challenge is to eliminate the popular perception that economists don’t have anything useful to say.

  Mark Zandi

  Topics in Uncategorized

• No one should expect the value of their house to appreciate quickly – counting on your home to be a significant part of your retirement saving isn’t a winning strategy – but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.

  Mark Zandi

  Topics in Uncategorized

• My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.

  Mark Zandi

  Topics in Uncategorized

• Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower’s credit score?

  Mark Zandi

  Topics in Uncategorized

• It’s time to pull the bandage off America’s foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed.

  Mark Zandi

  Topics in Uncategorized

• It is time to move on. House prices won’t rise and the economy won’t fully engage until more distressed properties are resolved and put back into ordinary use.

  Mark Zandi

  Topics in Uncategorized

• It is hard to be enthusiastic about the economy’s prospects when house prices are falling: Households spend less, small business owners can’t use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.

  Mark Zandi

  Topics in Uncategorized

• It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the wrongs that got us into this economic mess than most of us believe.

  Mark Zandi

  Topics in Uncategorized

• It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government’s overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.

  Mark Zandi

  Topics in Uncategorized

• Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors’ costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.

  Mark Zandi

  Topics in Uncategorized

• Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year ‘bullet’ loans, which did not amortize and were due in full at maturity.

  Mark Zandi

  Topics in Uncategorized

• In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn’t know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.

  Mark Zandi

  Topics in Uncategorized

• In a normal time, I don’t think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

  Mark Zandi

  Topics in Uncategorized

• In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.

  Mark Zandi

  Topics in Uncategorized

• I’ve done work for both Democrats and Republicans.

  Mark Zandi

  Topics in Uncategorized

• I’m a registered Democrat.

  Mark Zandi

  Topics in Uncategorized

• I only have two things in my life, my family and work. If there’s any time left over, then I play sports.

  Mark Zandi

  Topics in Uncategorized

Mark Zandi (48)

Nationality:	American
Profession:	Economist, Founder

Related Authors

• Julian Lincoln Simon
• Peter Blair Henry
• Jan Tinbergen
• Alice Rivlin
• George Reisman
• Vince Cable
• Ernst Engel
• Andrew Lo
• Jacques Parizeau
• Murray Rothbard

Advertisement

Today's Anniversary - 21st December

Births

• 1967 - Mikhail Saakashvili
• 1948 - Tom Keith
• 1795 - Leopold Von Ranke
• 1957 - Ray Romano
• 1503 - Nostradamus

Deaths

• 1889 - Joseph Barber Lightfoot
• 1935 - Kurt Tucholsky
• 2001 - David Swift
• 1958 - Lion Feuchtwanger
• 1992 - Stella Adler