Friedberg states Fannie and Freddie have issued or supported about $8 trillion in home loans combined.
“So Fannie and Freddie combined have issued or supported about $8,000,000,000,000 of home loans. The initial view on that would be, okay. Great.”
Friedberg states LA City Council limited rent increases to 90% of CPI annually with 12 to 2 vote.
“And what they voted is that the landlord cannot increase the rent on an annual basis by more than 90% of CPI.”
Friedberg describes 40 million college graduates with student debt unable to buy homes despite middle-class upbringings.
“And most of those kids came from a middle class family where they had positive assets. The parents own the house. Now the kids that voted for Mamdani cannot buy a home.”