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Asking Fannie and Freddie whether to rent or buy

This final note today, which comes with a shout out to our friends at Planet Money. Ever wonder why the American real estate market is so messed up?

Here's one: Fannie Mae has a calculator on its website that helps people decide whether it makes sense to rent a place or to buy a house. You enter your data, it spits out the answer. Which is great, except for this: Until just recently, the calculator assumed home prices would never go down.

It's been fixed.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.
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