Quotations
Famous Quotations
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Dean Baker Quotes
«the collapse of the housing bubble, implying a drop of between 11 and 22 percent in the average of housing prices, [that] will destroy between $1.3 trillion and $2.6 trillion in housing wealth.»
Author: Dean Baker
«Until the psychology starts to shift or interest rates jump up, the market will probably stay strong, ... So far we haven't seen that. We've had a lot of stories on housing bubbles lately. Maybe that will affect the psychology.»
Author: Dean Baker
«Things do seem like they're out of line, but of course I've been seeing warning bells for several years.»
Author: Dean Baker
«In terms of people's lives, let's say someone had a reasonably good job in the tourism industry, they're not going to wait around a year and half or two years for their job to come back. What's there when it (the Gulf economy) comes back might be qualitatively different than what it was before.»
Author: Dean Baker
«People are willing to pay them because there is an expectation that prices will continue to rise. Once people don't have that expectation, things will change.»
Author: Dean Baker
«There is a large psychological element behind current housing prices,»
Author: Dean Baker
«is kind of (the oil companies') good luck. They didn't do anything to earn it. And we're sitting here with a $150 billion bill from Katrina.»
Author: Dean Baker
«Historically, rent prices and sale prices have moved together.»
Author: Dean Baker
«It does pull a lot of money out of people's pockets. Even if it doesn't go back up much, it translates to a 50-to-60-cents-a-gallon gas tax. But for the borrowing that people were willing to do, it probably would have led to recession.»
Author: Dean Baker
«If home prices level off, that can knock down growth by 1 or 2 percentage points, from 3.5 percent to 1.5 percent.»
Author: Dean Baker