From Library Journal
Johnson is chair and CEO of Fannie Mae, the privately owned corporation that finances 20 percent of America's mortgages. As such, he could be expected to stump for home ownership, which he does in this book, including its history and its extent: 65 percent of American households own homes; for comparison, 30 percent do in Switzerland, 40 percent in Germany, and 61 percent in Japan. On the other hand, 33.5 million households rent, mainly, Johnson believes, because they don't know the mechanics and terminology of buying a home. He presents a ten-point program for increasing home ownership in America, hoping to raise it to 70 percent. Few would dispute the advantages of owning a home, but the obvious needs to be repeated now and then. Whether this justifies a whole book is problematic. Not an urgent purchase.?Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1996 Reed Business Information, Inc.
Copyright 1996 Reed Business Information, Inc.
Product Description
The chief executive officer of Fannie Mae, a major lender in the housing market, explains patterns of home ownership in America, outlines new ways to make homes more affordable for all, and describes his company's latest initiatives. 15,000 first printing.
