Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out.
[1:49] Fannie Mae Going Away?
[4:09] The idea that we need a high home ownership rate is a false idea
[8:41] How Fannie Mae props up the housing market
[13:24] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all
[22:55] If you're investing for yield rather than capital gains, the price of the house has much less importance
[26:01] The importance of sustainable investing
How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal