Households will therefore have to contribute more funds, either from their own savings or loans from other sources. The second risk is to developers who are delivering completed apartments into the cooling market. If people who had pre-purchased are having difficulty getting finance, or decide it is not worth going ahead with the purchase, there would be increasing settlement failures.
Mr Greenspan remarks on some of the economic challenges facing the United States in the new century  Remarks by Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, before the Annual Conference of the National Community Reinvestment Coalition, held in Washington, DC, on 22 March 2000.