Fannie Mae-No Politics (FNMA)

[Clutch29]

Newspapers report the same thing over and over about reform. Yet nobody reports the fact that we are at the brink of disaster in the housing market.
Markets are at all time highs and pushing for growth but the money just isnt in the hands of the people to do so. 400k homes are barely in reach for the average joe. Let alone a 700k. Down payments are unattainable especially when as a renter your paying 40+ % of your income. Saving even 20k for a down takes the average joe over 20 years at 400 bucks a month.
Lems would rather buy a ferrari thats wrecked to show how cool they is first and waste 6 years on that payment before buying a roof. Give us back our Fannies and I will buy another home then a buy a ferrai that needs a new clutch