Quote of the Day

"For be it ever so humble, there really is no place like home, even if it does come with a balloon payment mortgage"

- Dr. Austan Goolsbee, in an editorial last year in The New York Times

Quote of the Day

"There's no doubt that due to the mortgage crisis, everything has tightened up ... A year ago, if you could fog a mirror, you could get a loan."

- Mandy Wachtler, president of the Greater Nashville Association of Realtors in an article in The Tennessean

Hat tip to Josh Flory for the article.

Quote of the Day

"Immediately it's like getting cut...It's sharp and drastic and it's very painful, but in the big picture, it's like surgery. In the long run, you're better off."

- Dale Akins, president of Knoxville research firm The Market Edge, talking about data his company recently released showing a massive drop in Knox County residential building permits in Q1.

Read the full article here.

Quote of the Day

From Mayor Bill Haslam in an interview in the Knoxville Voice:

My pet peeve about Knoxville is that we tend to think of ourselves directionally too much. Like, ‘I’m from West Knox or North or South or East.’ I think that’s held us back as a city in some really unhealthy ways.

Hat tip to Katie over at Knoxville Talks for this one.

Quote of the Day

From Bill Lublin at agentgenius:

...everyone who has a monthly housing expense is paying someone’s mortgage, so it may as well be their own. Unless they are my tenants - in that case they should continue to rent and pay off my mortgages.