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If you always do what you’ve always done, you always get what you always got

Looks like Freddie and Fannie are going to need another bailout.

The only certainty in the real estate market is that if the government continues to use Fannie and Freddy (which are now 80% government owned) to “spread the wealth around” by providing housing above people’s ability to pay for it, the market will crash again, for the same reasons it did in 2008.

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