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No One Left to Rent

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Robert Blumen

24hgold

Published : February 03rd, 2004

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FOLLOW : Commodities Dollar Fannie Mae Gold Gold Supply Trillion

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Category : Gold and Silver

"Today, Fannie Mae (nyse: FNM - news - people ) will announce plans to expand its support of a ten-year, $2 trillion, first-time home buyer lending program called American Dream Commitment." It now appears that, thanks to the Fed's ultra-low interest rate policy and the packaging of dollar assets into bonds for Asian central banks to buy with their excess of dollars, everyone who needs a residence can at least purchase one, if not afford it. Forbes magazine reports on the demise of landlords.

Robert Blumen

Robert Blumen is an independent software developer based in San Francisco, California

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Robert Blumen is an independent software developer based in San Francisco, California

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