Are Fannie Mae loan limits why housing prices so high?

Very interesting (possible) correlation. Stout get in here!

Well W sided with the Congressional Black Caucus and Barney Franks to not rein in Fannie and Freddie causing the Crash and massive federal debt and inflation.

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Fannie Mae loan limits reflect market inflation rather than initiate it. However, by continuously lifting the ceiling on how much government-backed debt a buyer can use, FHFA ensures that credit keeps pace with price growth, which prevents prices from cooling off

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Have you seen FHAs limits and VA doesnt have one

Not true. Fannie and Freddie was a separate fiasco.

But the limits thing is influenced more along the lines of what houses were selling for the year before. It also has to account for higher value areas like the NY and DC areas where 800K does not go as far as it does in places like Alabama or Texas....or Coastal CA.

Housing prices or government destruction of dollars value?

Same reason why a Tahoe is $90k, no one cares about price when they are using someone else’s money. If the banks are lending it, people will buy it. If you could only pay cash for a $90k Tahoe, no one would buy them.

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Umm. That was under Clinton but nice try

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Wow!
Your confidence is exceeded only by your ignorance!

Subcommittee Chairman Richard H. Baker (R-LA) Baton Rouge, began October 6, 2004 a hearing, entitled “The OFHEO (Office of Federal Housing Enterprise Oversight) Report: Allegations of Accounting and Management Failure at Fannie Mae.

It branched to include Freddie Mac. W called Baker off. This was the last opportunity to head off the “Too Big to Fail Financial Bubble Crash.

Neither Clinton was in the White House in 2004!

Now, Clinton started the shite off by demanding banks issue loans to unqualified mortgage borrowers during his administration.

Im just an ole country boy, but before we get in the weeds, I remember some class about supply and demand in economics.

The US builds about 2.5 million housing units a year, and we let in 20 million illegals who now have an additional 5 million anchor babies. Wouldnt that impact the demand????