Jay Butler Home Quotations

You had a 40-plus percent run-up in home prices but not in incomes. That causes serious trade-offs.

Most people buy homes for their family. But if you're driving an hour each way to work, that's 10 hours a week. How much time are you really spending with your family?

We have all these hits on disposable income, and we turn around and say we don't have to worry about higher home prices. Give me a break.

People went for more affordable concepts of home ownership.

It's a popular area. People who bought their homes at a good price have little incentive to move on.

Condos will increasingly make more sense in an era of higher home prices, sprawl, higher energy prices and congested freeways.

Most of the investors are gone, and traffic is down in home builders' sales trailers. Just look at all the ads. Builders are trying to move homes fast.

With the rapid increase in home prices, followed by fairly stable interest rates and income, affordability is dropping like a rock.