Fannie Mae-No Politics (FNMA)

[expediter13]

That would be great if the Avg. working man wage had increased with real living costs since 1984 and the BIG tax cuts for the rich. Opposite has happened although the gov't continues to throw out what has to be bogus numbers for all americans.
My job, still pays less than 25 an hour, I made that in 1995 at a steel plant in a Union that had 100 medical, ghood benefits, real time off paid properly without PTO as a hitch. My phone bill was 50 bucks and electric was 95... Today, it is nothing like that, all bills have almost tripled, when we grocery shop, we have to pick thru the cheap stuff, buy this here and that there to save.
You think that Private corps, banks, want to own mortgages on homes priced in the 200K when they know the facts ? No way, no how and they know what the fed has done, and the collapse coming. They don't and won't be a part of lending for homes if they can help it. THey also know home prices will fall hard again due to the lack of real wage increase.
For the next 5 years, we will do exactly what we did from 2003 - 2008. Continue driving up home prices, cut taxes to free up 500.00 per household and pretend like it is a BIG BIG deal. Continue raising prices on EVERYTHING due to greed and show none of it on Cost of living charts, and increase the deficit.
It is a lose lose situation and the only real way out is thru a big crash, forfeit on the dbt as a country and start new.