Political Quotes

Jeff Merkley: “Let us say we have a million people buying homes, and by increasing the down payment from 5 to 10 percent, we proceed to…”

On the recordMarch 28, 2011
Let us say we have a million people buying homes, and by increasing the down payment from 5 to 10 percent, we proceed to have 10 percent fewer families--or I think the range you had was 7 to 15, but I am taking kind of the center point.
Said by
Jeff Merkley
Democratic · Oregon

Editor's note · Context

Merkley highlights the trade-off between down payment requirements and access to home ownership.

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