saintmichaeldefendthem
Gold Member
Bush did campaign on the rise in home ownership, which some conflate with F&F. The truth is, the manipulations of F&F had little to do with the rise in home ownership, which is far more effected by other economic factors such as interest rates and the overall economy. Fortunately, somebody actually looked into this. At the conclusion of the study data, it states:
"In sum, this study casts doubt on the efficiency of subsidizing mortgage interest rates and down payments to raise the homeownership rate or eliminate homeownership gaps among race/ethnic groups because economic fundamentals and sociodemographic features are the main drivers of homeownership. The government is leveraging instruments which have proved to have little impact on homeownership rates" Homeownership Rate Impact of Liquidating Fannie Mae and Freddie Mac
So to dumb it down for Leftists, this means that F&F had almost nothing to do with the rise in home ownership that became a campaign feature in Bush's candidacy.
"In sum, this study casts doubt on the efficiency of subsidizing mortgage interest rates and down payments to raise the homeownership rate or eliminate homeownership gaps among race/ethnic groups because economic fundamentals and sociodemographic features are the main drivers of homeownership. The government is leveraging instruments which have proved to have little impact on homeownership rates" Homeownership Rate Impact of Liquidating Fannie Mae and Freddie Mac
So to dumb it down for Leftists, this means that F&F had almost nothing to do with the rise in home ownership that became a campaign feature in Bush's candidacy.