Quote of the week
By: PAUL JACKSON
December 4, 2008
“People freak out about high food and gas prices, but high home prices are good? It doesn’t make sense. In the long run, prices will be in line with people’s incomes.” — Christopher Thornberg, economist with Beacon Economics, in an interview for a story in an upcoming January 2009 issue of HousingWire Magazine.
We’re hard at work on the next issue, already. Wanted to share this quote with all of you. Also, don’t forget to take our survey on the industry’s 2008 word of the year. Click here to take the survey — don’t leave your suggestion for word of the year in the comments — and thanks for your support, all.
Print This Article
-
December 4th, 2008 10:28 pm by Tim C
Price of oil goes up: INFLATION. Price of houses go up: PRAISE THE LORD. Yeah, I know the whole national income and product accounts lore - house = investment, oil = consumption. But that is all awfully arbitrary. Bottom line is, prices should be normalized against income, whether for house, or corn, or energy, or healthcare. Inflation (i.e. pain to the consumer) is only measurable against the resources of the consumer. But we are not set up to measure it that way. Some day…
-
December 5th, 2008 7:57 am by Straight Talk About Mortgages and Real Estate | Quote of the week : House Prices
[...] Quote of the week : HousingWire || financial news for the mortgage market. Posted by Tom Vanderwell on Friday, December 5, 2008, at 7:56 am. Filed under house prices. Tagged High Home Prices, Housing wire. Follow any responses to this post with its comments RSS feed. You can post a comment or trackback from your blog. [...]
-
December 5th, 2008 1:31 pm by Quote of the week : House Prices at tvanderwell on SmartHippo.com
[...] Quote of the week : HousingWire || financial news for the mortgage market. [...]
Get your HW Fix
Join more than 3,000 bold subscribers who already get HW's daily email delivered to their inbox -- it's free, and a great way to ensure you don't miss something.
Events
2009 Feb 08 -- 2009 Feb 11
ASF 2009
The largest U.S. conference by and for the securitization industry. This year's agenda takes on added importance given financial turmoil. For more information: http://www.americansecurization.org
2009 Feb 17 -- 2009 Feb 19
MBA Mortgage Servicing Conference & Expo
The MBA's annual event for residential mortgage loan servicers is likely to be pretty well-attended this year. For more information: http://www.mortgagebankers.org
2009 Feb 25 -- 2009 Feb 28
MidWinter Executive Housing Conference
FHFA's James Lockhart keynotes this long-running independent event, now in its 38th year. As famous for skiing as for its sessions. For more information: http://www.midwinterconference.com/
Got something to say?
Remarks by first-time commenters will not appear immediately, and must be approved before they will appear. All comments are subject to HousingWire's usage policy.