We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.