Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Freddie Mac did a pretty in depth analysis and found that OVER THE LAST 10 YEARS BUILDERS HAVE NOT BUILT ENOUGH HOUSING TO MATCH ANNUAL DEMAND AND OBSOLESCENCE. As a nation we are short about 4 million houses, that's alot.

Supply is furthered constrained by NIMBY, once you obtain your 'castle' NOBODY WANTS THEIR LOCAL GUBMINT approving increased density zoning ANYWHERE NEAR THEIR HOME.

On the demand side, the Millenials, approximately 80 million strong just have become of age to start families and of course they want a house asap.

Mortgage rates are at 50 year lows, covid has ramped up demand for more space and these tech workers are tending to move from expensive coastal markets to lower cost interior markets and blowing away the locals with their yuge offers.

Worldwide bond yields are at historic lows, I bet your rental property is generating higher yields than any of your bond funds, as people are starving for yield, why do you think they are calling your cell phone number to ask if you want to sell your rental?