#ay

What we see today is an American economy that has boomed because of policies and developments of the 1950s and '60s: the interstate-highway system, massive funding for science and technology, a public-education system that was the envy of the world and generous immigration policies. ↗

— Fareed Zakaria

#american economy #because #developments #economy #envy

Whenever someone says the word community, I want to reach for an oxygen mask. ↗

— Fareed Zakaria

#i #mask #oxygen #reach #says

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

#begun #believe #construction #corner #crash

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

#break #forbearance #full #giving #helps

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? ↗

— Mark Zandi

#before #borrower #borrowers #credit #debt

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? ↗

— Mark Zandi

#better #buyers #choice #cost #costs

I've always wanted to have a book published - it was a dream of mine, but the thought of actually writing a book made me feel really sick. ↗

— Ahmet Zappa

#always #book #dream #feel #i

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. ↗

— Mark Zandi

#attractive #average #average american #become #becomes

The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half. ↗

— Mark Zandi

#barack #barack obama #clearest #current #cut

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

#expansion #extension #holidays #key #list