Mark Zandi Quotes

A home is still the biggest asset that most Americans own.
Mark Zandi

Home, Biggest, Asset

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.
Mark Zandi

Home, Sense, House

I only have two things in my life, my family and work. If there's any time left over, then I play sports.
Mark Zandi

Life, Work, Family

I'm a registered Democrat.
Mark Zandi

Democrat, Registered

I've done work for both Democrats and Republicans.
Mark Zandi

Work, Done, Both

My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.
Mark Zandi

Help, Whether, Republican

Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
Mark Zandi

Challenge, Perception, Popular

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

Until, Economy, Market

The biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control.
Mark Zandi

Control, Industry, Private

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
Mark Zandi

Tax, Number, Holidays

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
Mark Zandi

Time, Government, Crisis

The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
Mark Zandi

Between, Financial, Trade

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.
Mark Zandi

Different, Pretty, Dark

They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.
Mark Zandi

America, Hair, Body

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.
Mark Zandi

Law, Problem, Debt

Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
Mark Zandi

Point, Anyone, Yes

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.
Mark Zandi

Home, Hard, May

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.
Mark Zandi

Money, Bad, Nation

Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
Mark Zandi

Home, Often, Fall

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half.
Mark Zandi

Great, Country, Between

In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.
Mark Zandi

Time, Giving, Full

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.
Mark Zandi

Time, Crisis, Another

In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.
Mark Zandi

History, Teacher, Thought

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
Mark Zandi

Great, Crisis, Depression

Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
Mark Zandi

Giving, Small, Wait

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Biography

Nationality: American

Type: Economist

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