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Kate Gallego: “I bought my first home in October 2008 in Phoenix, the…”

Featuring: Kate Gallego, Democrat | Mayor of Phoenix | Arizona

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The Rise & Resilience of Phoenix Mayor Kate Gallego

Published | Video Starts at 33:19

So that that turned out to be doing good by doing well. That's a Wharton woman. And then I bought my first home in October 2008 in Phoenix, the single month peak of our housing market. So I didn't build equity for a single month, and the value just took a dive. That might be the single worst investment I've ever made, but it probably changed my life. (33:19–33:26)

CLAIM

Asserts that October 2008 was the peak of the housing market in Phoenix.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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