Home Affordability Quotes

How many elderly people you see have to leave the house they've had their whole life because their fixed income and their property taxes keep rising every year and they can't afford to stay there. And nobody gives a crap about it, and they're booted out, they have to leave their homes.

The Federal Housing Administration has their leaflets there [The National Home Show] showing exactly how much it costs to build a house of this kind and what the monthly payments are. You pay twenty percent down and then pay the remainder over a period of twenty years, which should encourage home owning in this country on a much safer basis than has ever existed before for the average family.

We need find the space to build more affordable homes in the city. That involves a number of different policy responses. For example, I've spoken about the need to rethink the greenbelt - the protected land around the edge of London that was originally intended to be protected and retained as an area of natural beauty but in many cases is neither natural nor beautiful.

I may yet move [from Nashville], and where would I move if not Texas or New Mexico? I couldn't afford a home in California. I need to travel out of there occasionally.

Every family in America has the right to live anywhere they can afford.

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?

Mitt Romney and I don't agree on every issue and certainly housing is one of them. When you look at what is going on here in Southern Nevada, you can't say you got to let the housing market hit bottom. We have been bouncing along the bottom for years. And the fact is we have to do everything possible to: 1) keep people in their homes and 2) get people who are out of their homes back into their homes.

If I find what I like, maybe in about five years we'll be able to afford to build a home in the country.

A stable and affordable home is fundamental to economic security.

In a way, I've made a career out of sweat equity, and I've enjoyed sharing what I've learned in the process. It's a great feeling to educate people on how to get into their first or fifth home in the most economical way possible.

How do you think we have the home mortgage deduction? We have it because way back when it was determined that the American dream equaled home ownership. And everybody knows that the vast majority of the American people will never be able to write a check for a house. You have to finance it.

I'd like to have a 15 million euro villa, but if I can't afford it, I have to look for an apartment that I like.

One of the biggest challenges is that once somebody realizes that they're ready to buy a home, then they realize that they haven't prepared properly, and it takes a while.

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.

For most, the largest asset is their home. This becomes a sentimental issue, I know, but if you're holding on to a home that you can no longer afford - or you need the liquidity - you need to think about solutions. One might be to bring in a tenant or roommate; a more drastic measure is to sell the home and downsize.

We want to help Canadians be able to get a home that they can afford.