Christopher Thornberg Housing Quotations

Housing prices are going up because the wealthy want to live along the coast. That's who's driving prices up.

There are some signs that the housing party is ending.

Building 200,000 new residences per year, not to mention the current interest in fixing up existing homes in order to spend new housing equity as fast as possible, will tend to drive this (employment).

We've never seen this size of a housing bubble before, so in a sense we're in kind of a strange place right now.

We say it's a bubble, but a housing bubble does not pop like a stock market bubble, ... A stock market bubble, when it pops, lots of market activity, prices dropping rapidly. Housing prices don't drop that way because there's a huge fixed cost. You don't day-trade your home.