Then again, SoCal real estate has gone up a lot more than other places since 2009. So it stands to reason that a rise in rates that will happen eventually will work like this. *SQUEEEEE* *CRASH* *gurgle*

Hopefully, one of the few good things about both GOP houses will be that they’ll put the screws on the balls of Obama’s pet stooge Mel Watt and the FHFA lorded over by him, so that the extent of credit offered to losers will not be allowed to increase dramatically.