Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The Current administration using the GSE'S and the 16 year CONservatorships to hand out benefits to their targeted voting base:

"Their letter asked FHFA to “condition” Fannie Mae- and Freddie Mac-backed mortgages based on various tenant protections, including limits on “egregious rent hikes.” Rents have risen 25%, or more than $400, since 2019, according to the apartment search engine Rent.com."

"What does rent control research say?

“There’s decades of research that show ultimately, rent control increases prices because owners or developers can’t cover costs if they rise,” Geno said.

An often-cited 2019 Stanford University study said rent control intensified San Francisco’s housing shortage. Faced with a strengthened ordinance, landlords either converted their units into condos or exited the rental business, resulting in 15% fewer apartments and higher rents, it said.

The measure "appears to have increased income inequality in the city by both limiting displacement of minorities and attracting higher income residents” with new condos, the study said.

Rent control also incentivizes people to occupy apartments longer - "even when their apartment no longer fits their needs" - which means more competition and higher prices for fewer vacant units, Geno said. (Think the hit show "Friends": Monica's New York City apartment was rent-controlled, and she inherited the lease after her grandmother died and paid just $200 a month. In the series finale episode, as Monica and her husband prepare to move out, he says, "Thanks to rent control, it was a friggin' steal.")"

https://www.usatoday.com/story/money/personalfinance/2023/09/05/federal-rent-control-laws-debate/70666376007/

THE 4TH BRANCH OF GUBMINT, WHAT'S NOT TO LIKE !

https://m.facebook.com/reel/1055963942441429/