Chapter 6 explains how and why American policymakers doubled down on housing programs in response to the 2008-2009 housing crash. Although the crash presented an opportunity to end generous housing programs that helped inflate the housing bubble, policymakers did the opposite. With remarkably little partisan conflict, they expanded housing support to fix the source of the crisis and promote economic recovery by restoring housing-based growth. By bailing out the government-sponsored enterprises Fannie Mae and Freddie Mac, politicians effectively nationalized the country's housing finance market. The Federal Reserve further supported housing by purchasing large amounts of mortgage debt through its quantitative easing programs, which artificially lowered mortgage costs for households. Although initially designed as temporary measures, decisionmakers made these interventions permanent, fearing that removing them could disrupt a complex mortgage market and housing-based growth central to the demand-led economy. This housing policy expansion was the logical culmination of a century-long process of cumulative political actions to stimulate housing and reinforce America's demand-led growth regime.