24 Quotes by Christopher Thornberg

We're in a housing-driven economy from top to bottom at this point in time.

There are some signs that the housing party is ending.

Let's put it this way: We will be in a fragile economy.

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).

That could smooth out the cycle, so to speak. But when you add it all up, it's unclear.

We have lots of new employees. It's just not showing up in the employment statistics.

We as a nation are not as oil dependant as we were back then.

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.