Has the United States Nationalized its Housing Market? Trouble?

[Dany Namou]

I am a new 20 year old investor-in-training here in the Detroit Metro Area, so my knowledge base on the the United States housing market is quite limited, but I'd really like to get your take on this story. Now the Economist is not one to run click-bait titles with pointless stories, so I was quite concerned after reading these two peices in last week's issue: (The second link is the more nuanced write up)

Nightmare on Main Street

Comradely capitalism : How America accidentally nationalized its mortgage market

(if you are not a subscriber, just post the second link in an incognito tab to bypass the paywall. Also protip: your library typically has some online portal where you can read the Economist and other magazines for free)

One interesting quote:

This sounds like even the smallest downturn in the economy, which is somewhat suspected now that we have had consecutive growth for 6 years or so, could be disastrous for a lot of homeowners. Thoughts?

So what do you guys see here? Are you also concerned? Should I as a new investor sit out and just save as much as I can until this bubble pops?