24 Quotes by Christopher Thornberg

You got to think that this thing is going to end, eventually, one way or another. Prices have gotten to the point that, even with all the crazy financing out there, people still can't get into the market. It's just that over the top.

When consumers realize they can no longer expect that appreciation bonus to subsidize their consumption habits, they will very likely pull back on spending.

Things are still hot, but the trend is clear. The only debate now is how hard a landing there will be and what will it mean for the general economy.

Prices people pay today will be about the same in 2011, maybe 2012.

This is a real-estate-driven economy from top to bottom.

It's an irrationally behaving market. It's very difficult to figure out where it is going to go.

It's pretty rare for home prices to fall unless you lose a lot of jobs in the local area. What you're really looking at is prices going flat for six or seven years while the fundamentals catch up.

It's people building houses, ... It's people financing the building of houses. It's people working in the stores that are furnishing those houses, and of course, the real estate agents who are making this all happen.

It's such a contentious issue that nobody wants to deal with it.