Even Billion Dollar Companies Make Mistakes

Freddie Mac, one of America’s biggest buyers of home mortgages, has a nifty tool; a Rent vs. Buy calculator that helps potential home buyers decide if they should buy or continue renting.  Here is one huge mistake:

The tool didn’t let me pick a value of -1%.  It says I must assume home values will appreciate between 0 and 100%.  Really? Does Freddie Mac realize house prices have sharply declined in the last two years? Click here to see the calculator in action.

via: Planet Money Podcast

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