The Strong Towns Podcast
From Crime to Common Practice: How Fraud Dominates the Housing Market
Aug 28, 2024
Chuck Marohn, an expert on housing market fraud, delves into the pervasive issue of fraud in real estate. He reveals how fraud seeps into the market, igniting housing bubbles and ultimately shaping the current crisis. Marohn discusses the alarming impact of occupancy fraud on housing stability and contrasts the experiences of owner-occupiers with those of investors. He also critiques the roles of federal organizations like Fannie Mae and Freddie Mac, advocating for urgent reforms to safeguard the mortgage-backed securities market.
01:02:23
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Quick takeaways
- The podcast explores how systemic fraud in the housing market can become normalized, contributing to the deterioration of financial standards and practices.
- Chuck highlights the connection between housing bubbles and fraud, emphasizing that both contribute to the current housing crisis and potential instability.
Deep dives
Introducing the Strong Towns Accelerator Program
A new initiative called the Strong Towns Accelerator provides a 12-week program aimed at helping local leaders implement the ideas presented in the book 'Strong Towns: A Bottom-Up Revolution to Rebuild American Prosperity'. Participants will engage in small, intimate group discussions, enabling meaningful dialogue and collaborative planning tailored to their specific community needs. Instructors, including Chuck Marohn and Ed Erfurt, will be available for personalized sessions, fostering a supportive learning environment. As interest grows, the program is set to rotate its focus on other pertinent topics over the following years.
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