Famous quote by Paul A. Volcker

Mobile Desktop
You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a
Like

"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America"

- Paul A. Volcker

About this Quote

This quote by Paul A. Volcker speaks to the concept of the American Dream and the significance of homeownership in the United States. In the past, buying a residence was seen as a great investment, as it was expected to stay on par with inflation or even be successful of it. This was seen as a way to safeguard one's economic future and was a cornerstone of the American Dream. This quote talks with the suggestion that homeownership was seen as a means to attain financial safety and security as well as stability, as well as was a vital component of the American Dream. It additionally talks with the idea that homeownership was viewed as a way to build riches as well as protected one's financial future. This quote is a reminder of the importance of homeownership in the United States and also the role it has actually played in the American Dream.

About the Author

USA Flag This quote is written / told by Paul A. Volcker somewhere between September 5, 1927 and today. He/she was a famous Economist from USA. The author also have 9 other quotes.

Go to author profile

Similar Quotes

Small: It is not possible to eat me without insisting that I sing praises of my devourer? - Fyodor Dostoevsky
Fyodor Dostoevsky
"It is not possible to eat me without insisting that I sing praises of my devourer?"
Fyodor Dostoevsky, Novelist
Small: Better ones House be too little one day than too big all the Year after - Thomas Fuller
Thomas Fuller
"Better one's House be too little one day than too big all the Year after"
Thomas Fuller, Clergyman
Small: A good leader takes a little more than his share of the blame, a little less than his share of the credit - Ar
Arnold H. Glasow
"A good leader takes a little more than his share of the blame, a little less than his share of the credit"
Arnold H. Glasow, Businessman
Small: We cannot hold a torch to light anothers path without brightening our own - Ben Sweetland
Ben Sweetland
"We cannot hold a torch to light another's path without brightening our own"
Ben Sweetland, Author
Small: A company is only as good as the people it keeps - Mary Kay Ash
Mary Kay Ash
"A company is only as good as the people it keeps"
Mary Kay Ash, Businesswoman
Small: The best preparation for good work tomorrow is to do good work today - Elbert Hubbard
Elbert Hubbard
"The best preparation for good work tomorrow is to do good work today"
Elbert Hubbard, Writer
Small: America is the only country that went from barbarism to decadence without civilization in between - Oscar Wild
Oscar Wilde
"America is the only country that went from barbarism to decadence without civilization in between"
Oscar Wilde, Dramatist
Small: There is a good principle which created order, light, and man, and an evil principle which created chaos, dark
Pythagoras
"There is a good principle which created order, light, and man, and an evil principle which created chaos, darkness, and woman"
Pythagoras, Mathematician
Small: When Im good, Im very good. But when Im bad Im better - Mae West
Mae West
"When I'm good, I'm very good. But when I'm bad I'm better"
Mae West, Actress
Small: It is a useless life that is not consecrated to a great ideal. It is like a stone wasted on the field without
Jose Rizal
"It is a useless life that is not consecrated to a great ideal. It is like a stone wasted on the field without becoming a part of any edifice"
Jose Rizal, Writer