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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.