The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.
More Quotes from Mortimer Zuckerman:
These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.Mortimer Zuckerman
Surely, if Mother Nature had been consulted, she would never have consented to building a city in New Orleans.
Mortimer Zuckerman
Natural erosion had reduced the critical barrier islands in the Gulf, the result of the destruction of some 300,000 acres of wetlands. This amounted to 30 miles of marshlands.
Mortimer Zuckerman
These days, government employees are better off in almost every area: pay, benefits, time off, and security, on top of working fewer hours. They can thrive even in a down economy.
Mortimer Zuckerman
Millions of public workers have become a kind of privileged new class - a new elite, who live better than their private sector counterparts. Public servants have become the public's masters. No wonder the public is upset.
Mortimer Zuckerman
The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.
Mortimer Zuckerman
Readers Who Like This Quotation Also Like:
Based on Keywords: buildup, equity, subduingHe who attends to his greater self becomes a great man, and he who attends to his smaller self becomes a small man.
Mencius
Your bat is your life. It's your weapon. You don't want to go into battle with anything that feels less than perfect.
Lou Brock
Power will intoxicate the best hearts, as wine the strongest heads. No man is wise enough, nor good enough to be trusted with unlimited power.
Charles Caleb Colton