Wed, 14 October 2020
1572: Former Senior VP of Community Lending at Fannie Mae & National Low Income Housing Coalition NLIHC Barry Zigas
Jason Hartman speaks to fans of futurists, are predictions from The Fourth Coming coming to fruition? As a prelude to October 17th, the PandemicInvesting.com event, Jason shares the quick list of six tsunamis that are changing the housing market.
Jason Hartman talks with Barry Zigas, Senior Fellow at Consumer Federation of America. Barry shares a brief, descriptive history lesson on how Fannie Mae and Freddie Mac came to be. Barry and Jason discuss the low and middle-income housing crisis and what factors contribute to homeownership rates.
[3:45] The predictions from The Fourth Coming are coming true right now.
[5:00] Jason shares the six tsunamis that are changing the housing market.
[6:45] Rent is plunging in high-priced US cities and tech-hubs.
[9:30] What’s a mega-wealth transfer?
[17:00] Fannie Mae and Freddie Mac were both created by acts of congress.
[20:30] Is the Fannie Mae/Freddie Mac mission to increase homeownership?
[22:20] Let’s talk about global home ownership comparisons.
[27:00] What factors contribute to homeownership rates?
[28:15] There’s still discrimination in the mortgage markets.
[30:30] Redlining is a term defined as a percentage of non-white people living in a community.
[32:45] How much of the community reinvestment act is to blame for the great recession?