96,000 Multifamily Housing Buildings in Chicago Area are Underwater ; 42 Percent of Small Rental Buildings at Risk of Default

"It should be obvious by now, that government interference in housing, especially the creation of Fannie Mae and Freddie Mac has been a total disaster. Going forward, the best approach would be to dismantle Fannie and Freddie in a reasonable timeframe, and let prices settle where genuine buyers will step up to the plate and invest."