Quotes About Homeownership

If you are going to buy, a prudent rule of thumb is not to carry a mortgage greater than two years' income.

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

Thus come many blessings to the man who owneth his own house. And greatly will it reduce his cost of living, making available more of his earnings for pleasures and the gratification of his desires. This, then, is the fifth cure for a lean purse: Own thy own home.

obvious reason: giving people extra money to buy a home just filters through the market and makes them all more expensive. The real winners of the first home buyer policies are people who already own

why did you do it? i search and search and i search, and i can't understand it, Willy. I made the last payment on the house today. Today, dear. And there'll be nobody home. we're free and clear. we're free. we're free... We're free...

The home ownership process for Native Americans has been hobbled by bureaucratic delays and regulations.

Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.

I got a great business manager. When he invests, you make money. I got my house paid off, my wife, two little chihuahuas and tomato plants that are five feet high right now. I'm happy as a clam.

Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time.

The two questions that anyone ever asks me are: 'Are house prices going to go down?' and 'Is it a good time to fix my mortgage rate?'

You see politicians talking about negative gearing or tax on your second home - most people I knew growing up couldn't afford the rent, let alone buying a house, or a second house.

I'm really sensible with my money. So I would like to own my own house rather than rent.

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?

When I was ready to buy my first home after years of renting, I immediately zeroed in on Dorchester.

Democrats and Republicans have been very keen to make home ownership almost a national purpose.

All I ever wanted to do with my life was own a little house. I did that way back with 'Rocky,' so now everything I do is just icing on the cake.

in the United States, the government doesn't decide what makes a man happy. The government doesn't decide that a couple who worked hard and bought their own home and raised their family would now be happier living somewhere else.

From a social point of view, it's beneficial that homeownership encourages commitment to a given town or city. But, from an economic point of view, it's good for people to be able to leave places where there's less work and move to places where there's more.

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration went to ridiculous lengths to increase homeownership in the United State, promoting paper-thin down payments and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy.

Black workers earn over $11,000 less annually than white workers. Twenty percent of black and Hispanic Americans live in poverty, compared with less than 9 percent for whites. The median wealth for white Americans is $171,000, compared with $17,600 for black Americans. Less than half of black households are homeowners, compared with nearly three-quarters of white households.13

When Steve Eisman stumbled into this new, rapidly growing industry of specialty finance, the mortgage bond was about to be put to a new use: making loans that did not qualify for government guarantees. The purpose was to extend credit to less and less creditworthy homeowners, not so that they might buy a house but so that they could cash out whatever equity they had in the house they already owned.

Irish people will tell you that, because of their sad history of dispossession, owning a home is not just a way to avoid paying rent but a mark of freedom. In their rush to freedom, the Irish built their own prisons. And their leaders helped them to do it.

If you can't afford the upkeep of your home, it makes no sense to do a reverse mortgage. You will just end up having to sell eventually when you realize you can't afford the home, and whether you have any equity left after the sale depends on the size of the reverse loan that must be settled.

The big gorilla of homeowner tax breaks is the deduction for mortgage interest, which reduces income tax revenues by about $100 billion each year. That is, this one tax deduction costs more than the budgets of the departments of Agriculture, Commerce, Energy, the Interior, and the Treasury combined.