The return of flipping and Fannie co-owns apartments

Real Estate Realities

Lots gets covered in this weeks show. We ended up discussing the return of flipping. We also tracked down some new information regarding Fannie Mae and how they are getting involved with multifamily properties. A little talk about the Dodd-Frank act (but not enough to put you to sleep!). We also ran down a quick and dirty way to analyze the numbers on a property that you might consider investing in as an income producing property – it really is far easier than it sounds. Use the player below to listen to the show.

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Posted On
May 29, 2011
Posted By

I guess you forgot Bush running around all over the country in 2002 with the “Home of Your Own” tour pushing people to buy houses?

Then on Wall Street they were buying up all new mortgages so they can splice them up and CDO them all over the world.

Posted On
May 30, 2011
Posted By
The Rebel Broker

So what is your point exactly?

Just about every time I have brought up the stupidity that lead up to this, I bring up the idiots that were out there touting 60% home ownership built on the back of government lending policies that were not sustainable. This included Bush and goes back further than that if you want to try to get to the root of the problem.

Oh, and who facilitated those evil Wall Streeters? Who created a system where the taxpayers pay for failure and the banks keep the profits? Who created a system where unqualified buyers could suddenly go into the housing market and buy beyond their means? Who were and are the engine of the secondary market? Fannie and Freddie.

I suppose you thought that by implying that a Republican played a part in this that somehow it would make me do a double take and cry out “Well if a Republican did it too, then it must all be right!”? No such luck. Facts are stubborn things and frankly I could not give a damn whether an R or a D appears after some politicians name.

Apparently, you seem to think that the political persuasion of the players should influence the truth.

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