- Thinks the bullish news on the housing market in the headlines is the media "selling a story." The market is not nearly as strong as it is being portrayed.
- He thinks that getting a mortgage is extraordinarily difficult because banks now have standards that are required to be met.
- Zell thinks everyone is ignoring the fact that there are still 4 million houses in purgatory that are either not for sale, but not foreclosed upon which may or may not be occupied.
- There is no evidence that an improvement in the single family home market is going to hurt the rental market.
- Zell thinks that the desire from our society to own a home has been reduced by the crisis.
- Zell is much more bullish on the apartment market than he is on the single family home market.
