Here:
And 80 percent of [bureaucrats] guessed that the rate of home ownership is lower than it is: 67 percent. With all of this underestimating going on, it’s not surprising that Washington is constantly pushing urgent, potentially disastrous fixes (such as re-inflating the housing bubble by encouraging more and more Americans with sketchy credit ratings to buy homes) for imaginary ills. Renting your home is a perfectly acceptable way to live, and Fannie Mae shouldn’t be in the business of enticing renters of modest income to commit to large amounts of debt by obtaining mortgages.
