Thursday, August 13, 2015

Renting in America has never been this expensive #FannieGate FHFA Fannie Mae

Renting in America has never been this expensive
While mortgages remain relatively affordable, landlords have been able to increase rents because demand for apartments remains strong. The U.S. homeownership rate fell to the lowest level in almost five decades in the second quarter, as strict lending standards and tight inventories keep many families in the rental market.

The government is running the mortgage and rental market by controlling Fannie Mae and Freddie Mac. Most people do not know Banks only Write the loan up, then sell it to fannie or freddie. Thats how mortgages work in America. Ask you politicians why they want home ownership dead in america by keeping Fannie and Freddie on the government conservatorship? The same banks are some of the biggest landlords in the nation! If home ownership rates are to climb the free market for mortgages has to come alive. Fannie and Freddie have been the middle class and lower middle class answer for 80 years! Since FDR originated them. Dont forget the Banks who are robbing renters now committed Fraud on Fannie and freddie to the tune of Billions of dollars. By the way, of the $186 billion Fannie and freddie needed in bailout, they have paid back $240 billion to the government! Rents are high because of banks! Home ownership is low because of Politicians in Washington. Wall street takes from main street. Fannie and Freddie support 90% of all new mortgages in the USA, can you imagine what rents would be without Fannie and Freddie around? It would be a disaster!
#FannieGate FHFA Fannie Mae

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