Apparently the solution to our real estate problem is just to bulldoze a lot of these foreclosed properties. Wouldn’t that mean it’s harder for people to find affordable housing? Isn’t that why Fanny and Freddie was even started? So every American could afford to buy a house. The banks are getting off pretty good, since they can write it off, that means WE pay.
Bulldoze: The New Way To Foreclose. Time. August 1 2011
Fanny and Freddie Are Renting Houses