To the extent there are positive real subsidies to the except that they improve outcomes, they are either very localize to the family or very localized to the community in question. You work on capitol hill. I worked there for a number of years. Every other person who comes here in the door says its a great thing if you gave a subsidy for their industry and how many jobs they create. Thats what shopped around. They are grossly skabexaggerate. Lets think about housing for a second. We all need a place to live. An Apartment Building is not all that different than a condo. It actually takes the same amount of construction workers. Theres Nothing Specific about the tenure that increases jobs. Again, we all have to live somewhere. I think you should be skeptical of those job arguments that you often here. The chart youre looking at here is the lower bar thats the fannie and freddie market share. We hit long term homeownership rates in this country in 1960. The growth of fannie and freddie w
Thats what shopped around. They are grossly skabexaggerate. Lets think about housing for a second. We all need a place to live. An Apartment Building is not all that different than a condo. It actually takes the same amount of construction workers. Theres Nothing Specific about the tenure that increases jobs. Again, we all have to live somewhere. I think you should be skeptical of those job arguments that you often here. The chart youre looking at here is the lower bar thats the fannie and freddie market share. We hit long term homeownership rates in this country in 1960. The growth of fannie and freddie which really in the 70s they had single digit market shares. This he were irrelevant to the Mortgage Market before the snl crisis. The growth of them has seen no long term indrees in homeownership rates. Its fine to say we want to do things for homeownership but maybe we want to do things that do things for homeownership rather than things that claim to do thing for homeownership. The
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