Fannie Mae-No Politics (FNMA)

[IL Padrino]

The 30-year mortgage causes housing to be more expensive; same with the interest deduction. Both increase housing demand and, with no increase in supply, prices increase. You could argue that they make housing more accessible, bot not affordable.

Of course, ending one or both immediately would cause a housing crisis with which no one wants to deal. So it's up to FHFA and Congress to figure out a phased, sustainable solution.

I agree and have posted something similar before. This was a banking scam from the beginning. If you can chain people to debt for most of their adult lives, you can make 1,000x more money than you would on a 5 year loan.