re: 30-year fixed-rate mortgages reach 7.15%

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Remember how Obama tried to kill values by making every new development set aside a portion for low-income housing?

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It was far worse than that. He literally was trying to put section 8 housing in the middle of uber affluent areas.

I pass by this very nice apartment complex on my way to work every day. I was at lunch across the street from there one day and started talking to this gal who worked at the restaurant and lives at the chic apartments across the street. They pay very high monthly as it's gated and has all the bells and whistles.

Wellllll, the owner of the building opted to classify half of the complex as section 8 which I didn't even know was possible. So now the tenants are trying to get out of their lease because there are problems just about every night there, but the management company won't let them b/c "they signed a lease". Weird times we live in.