David Brancaccio
👤 SpeakerAppearances Over Time
Podcast Appearances
Jenny Schutz leads the infrastructure portfolio for housing at the philanthropy Arnold Ventures.
Good morning.
Good morning.
I wish the economy worked like plumbing, right?
Turn the valve down, lower the pressure here by dropping interest rates.
And law of physics, the cost of home loans would drop, housing would get more affordable.
It's not how it works.
Remind us why.
So even if the president ordered Fannie Mae and Freddie Mac...
to buy $200 billion in mortgage bonds.
I mean, gauge the impact of that.
There's also, I think, an unintended consequence.
You get mortgage rates lower...
And that means existing homeowners are more likely to refinance into cheaper home loans, which sometimes makes them less likely to want to sell homes.
All right.
There's also the ban on private equity buying residential housing.
I was just looking at a statistic.
I think they own these days like only 3% of it.
So what can we do to make housing more affordable in America?
Build more supply and demand?