Replies to post #821797 on Fannie Mae-No Politics (FNMA)

[TightCoil]

Here's a quote from Pulte
“Eliminating mortgage fraud and fraud in general will be a main focus at Fannie, Freddie, and the Federal Home Loan Banks.“

[jog49]

Who wants to park their two $80,000 vehicles in front of a cracker box?

[RickNagra]

Sure. Also eliminate kitchens. Just do take out. And probably can get rid of bathrooms. Just go outside.

We are hearing a lot from Pulte about our recommendations on how to improve FHFA and FnF. I think the answers can be found in 3 places. First, there is a need for frugal houses to be planned intelligently....eliminating bad design and bad features. I think the target square foot size should be between 1000 sqft and 1300sq. for a 3 bdrm 2 bath home. That should accomodate most small families. Next, don't ever feature a fireplace....where will the owners ever find firewood? Instead, put in an entertainment center....a place for a good TV. Also, never feature a wet bar! Also, instead of putting in bath tubs, put in nice showers. The objective should be a very nice home built on a frugal budget. The objective should be a very good home with no waste.
Next, in order to build a home at a frugal price it will need to be built using the most modern technology and that is 3-D printing. This is something FnF should incourage by awarding the top 10 developers of the technolog cash rewards on an annual basis for their achievements.
And 3rd FnF should give the buyers of homes made with the new technology a price break on their mortgage. This seems fair as the technology evolves and is perfected.
So, by following this path, FnF could save on purchasing mortgages of 19 homes and afford to use the saving to buy the mortgage of a 20th home. That is an improvement of 5%.

[Donotunderstand]

FNMA - building homes?

The country does need more homes and homes built wisely and SMALLER

but - last I looked we have a free market system so builders build what will sell and make the most money?

Are you suggesting that GOV should get involved ? I would not disagree but there have been many efforts that have failed when GOV tries to fill a hole that private markets have left empty ---

[Rodney5]

bobstruths, I appreciate your input, as you said “the target square foot size should be between 1000 sqft and 1300sq. for a 3 bdrm 2 bath home.”

Seems to me our country now are a people of renters from Blackrock. Certainly better to own than rent. Thanks my friend

Quote: “Additionally, BlackRock invests in multifamily properties, apartment complexes, and other residential real estate.”

Read down into the article

https://www.blackrock.com/corporate/newsroom/setting-the-record-straight/buying-houses-facts