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    Obama: End Fannie and Freddie, but Keep Government in Housing Business

    President Obama lent his voice today to the growing consensus in Washington that federally sponsored housing giants Fannie Mae and Freddie Mac must go. While this is a welcome stance, he also called for new government guarantees for the housing finance market, which would only perpetuate the dangerous taxpayer subsidy … More

    HUD-Backed Real Estate Magnates Host Obama Fundraiser

    President Obama will attend a fundraiser on Tuesday at the home of real estate developer who has directly benefitted from financial support by the federal government. Josh and Genine Fidler will host the president at their Owings Mills, MD, home during the president’s Tuesday swing through Maryland and Philadelphia. Guests will … More

    Settling the Question of a Real Estate Tax in Obamacare

    By now, Americans have become well acquainted with the fact that the Patient Protection and Affordable Care Act (PPACA) will have a multitude of adverse effects. The new law is certain to add to the federal deficit. It increases taxes on all Americans in a number of different ways, encourages … More

    Severe Weather Warning for Commercial Real Estate: New TARP Not the Answer

    The Congressional Oversight Panel (COP), the watchdog board created by Congress to oversee the TARP program, yesterday issued the equivalent of a severe weather warning for commercial real estate markets. Like the residential market before it, the markets for retail, apartment, and other business properties are facing a wave of … More

    New Tax Credit for Homebuyers Unnecessary

    Senator Johnny Isakson (R-GA) reintroduced his plan today to create a $15,000 tax credit for homebuyers purchasing primary residences. The goal of the plan is to jumpstart the depressed real estate market. But as we pointed out last year when Senator Isakson introduced a similar bill, it will not work … More