Fannie and Freddie
There has been a lot of talk about what has transpired with the government recently taking over Fannie Mae and Freddie Mac. These two organizations are huge and are in trouble. The news media and the internet have been flooded with opinions and information regarding what some say to be a government bailout.
With all of these opinions how do you know who is right and who is wrong. In such uncertain times with the economy the way it is and with the real estate and mortgage industry in a situation that it is not used to there is a lot uncertainty and unexpected reality.
With this in mind no one can know exactly how the recent takeover of Fannie Mae and Freddie Mac will affect the economy. There are a lot of different sides to the acquisition. The real estate agents who sell real estate, the mortgage brokers who write loans, the homeowners trying to qualify for a loan, and not to mention all of the stock holders.
No matter where you fit in the circle one thing is for sure when it comes to situations like this and that is the knowledge factor. Knowledge is power and that is what makes wealthy people still successful even when the market is supposedly in a down market. There are a ton of investors who are making a killing in these type of markets because they know what they are doing.
So as everything unfolds with the whole government taking over these two huge companies my only advice is to constantly become more knowledgeable with the cold hard facts and be smart with all of your assets especially your money.
Feel free to comment and leave your opinion. There are so many people who have a voice so let it be heard here on Commercial Real Estate of St. George.
