June 27, 2005: “Homes that are occupied may see an ebb and flow in the price at a certain percentage level, but you are not going to see the collapse that you see when people talk about a bubble. And so those of us on our committee in particular are going to continue to push for home ownership.”
April 20, 2009: “You know, people haven’t fully understood, one of the causes of the terrible crisis we had over the last two years, which is giving us today’s problem, it came from people being pushed into buying houses, taking out loans, that they couldn’t afford. Part of that was a conservative view that rental housing was a bad thing. I had been trying with a lot of others to try and continue programs to build decent rental housing for people. What we had were people in power who didn’t like that that said, “No, no, we’ll help them become home owners.” Well, people were pushed into home ownership who shouldn’t have been there.“ Why is this man “tasked with enacting broad reforms of the financial system“?
