Italy's youngsters complain, apparently, about having to live at home until they are 72 but that's because they spend all their money on suits and coffee and Alfa Romeos rather than mortgages.
That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.Alan Greenspan
I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages.george w. bush
Men lend their money to traders upon mortgages or consignments of goods, because they suspect their circumstances, and will not run the risque of their general credit.
Italy's youngsters complain, apparently, about having to live at home until they are 72 but that's because they spend all their money on suits and coffee and Alfa Romeos rather than mortgages. Jeremy Clarkson (2005), The World according to Clarkson , p. 259.
From the male perspective, when commitment is associated with diamonds and mortgages, promises of love can feel like promises of payment.warren farrell
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