Celcius

Housing Bottom - Oh Really?

Let's not forget that Fannie Mae, Freddie Mac, and FHA are now providing 90% of all home loans. If you remove government lending out of the equation, then housing prices would collapse. The government is putting a false floor underneath housing prices. And, if these new home purchases default, then the tax payer picks up the bill. The government is buying time, but the collapse will still come.