Freddie Mac is promoting homeownership; what does that mean? Jason Hartman answers that question and if it hurts or helps homeownership. Is there a chance that we could live in a world without Fannie Mae or Freddie Mac? Ali Wolf of Myers Research says that our homes became the only constant in these times. Jason talks on this briefly before discussing the increase in existing home sales. Lastly, NYC – how bad is it? The rental numbers have changed dramatically and don’t show any signs of changing for the better.
LIVESTREAM: Sunday Morning, Coffee Tok (Talk) 11 AM EDT
Meet The Masters Virtual: July 31 – August 2
Guests: Ken McElroy, Sharon Lechter, Harry Dent, George Gammon, Sean Carroll
[2:20] Freddie Mac celebrates a 50th anniversary and $10 trillion in funding the ‘American Dream’ – Does this promote or hurt homeownership?
[4:45] What happens when you flood a market with money?
[8:45] Can we live in a world without Fannie Mae and Freddie Mac?
[12:45] Ali Wolf of Myers Research says that our homes became the only constant, in trying times.
[17:30] Highest month over month increase in at least 20 years for existing-home sales.
[18:00] Graphics at JasonHartman.com/podcast
[24:30] Real unemployment numbers: Coming Next Week
[26:00] NYC rentals? The city is emptying fast. The number of new rentals has fallen 36% from a year ago.
[28:30] NYC average rental price: $4032