Quotes during Housing Bubble

"The notion of a bubble bursting and the whole price level coming down seems to me as far as a national nationwide phenomenon, is really quite unlikely,"
Alan Greenspan, Federal reserve Chairman, 2003

"The idea that we're going to see a collapse in the housing market seems to me improbable"
John Snow Treasury secretary, 2005

"It's impossible for prices to go down this year"
Gary Watts, Orange County, Association of Realtors, 2006

"If you own your own home free and clear, people will often refer to you as a fool. All that money sitting there, doing nothing."
Anthony Hseieh, CEO, Lending Tree, 2006

"At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained."
Ben bernanke, Federal Reserve Chairman,

"Housing activity will remain healthy for some time to come."
David Lereah, NAR's Chief Economist, 2005

"Housing is still the best investment, without question."
Stan Sieron, President, Illinois Assoc. of Realtors, 2006

"The national media is reporting a housing bubble. Don't believe it."
Dale Akins, Market Edge, 2006

"We got a big problem"
George W. Bush, 2008