What are your thoughts on the SF rental market? Should the B2R market be more tightly regulated?
The commoditization of SF real estate by institutional investors might be impacting the supply side of SF real estate, affecting the affordability of housing in some markets. Given Fannie's role of helping to provide affordable housing, at what point do they start taking a closer look at this market?
[{"id": "dqrqay3", "text": "What are you talking about?  Fannie just provides the loans.  San Francisco government needs to allow actual development if they ever want to lower prices.  Supply and demand is completely out of balance in that market.  ", "replies": [{"id": "dqrqsdl", "text": "I was thinking they were supposed to provide affordable housing, but they only need to ensure affordable mortgages to provide stable and affordable housing. Still cutting to the fat, should Fannie be providing loans to Own to Rent companies?  \n\nHow much product do they own in the Bay? I would guess that they have a bigger impact in Oakland and the Burbs since SF is so expensive. ", "replies": [{"id": "dqs5rdb", "text": "FNMA doesn't own anything, they just buy loans. What is loan to rent - do you mean institutional multifamily loans? If you mean institutional lending that's like the only group that makes money at FNMA it subsidizes the whole thing. Also FNMA securitizes like everything to for loans that pencil out they have a practically infinite pool of $ from which they can lend. ", "replies": [{"id": "dqspoqk", "text": "They as in own to rent funds", "replies": [{"id": "dqsq0fy", "text": "I've never heard of a \"rent to own\" fund. FNMA has really strict standards on commercial mortgage loans and I would imagine whatever this is is likely precluded. ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]