You know how deeply annoying living in a development can often be, because there's always some prissy little Homeowners' Association President with a Napoleon complex throwing his weight around telling you how often you should water your lawn so it stays the same shade of green as everyone else's, or dictating what Christmas home decorations you're allowed to put up so no one feels offended or intimidated?

And you know how annoying paying a mortgage can always be, because there's a ton of finance company rules and regulations and terms to which you must adhere, and non-compliance could result in foreclosure?

Now replace "prissy little Homeowners' Association President with a Napoleon complex" and "finance company" with "massive army of prissy little bureaucrats backed by the full might of the Federal government in all its red-tape-wrapped glory," and double the number of rules and regulations. Welcome to life under a nationalised mortgage industry. It's going to be just as bad as living under a nationalised health care system would be.

Oh, wait: we're almost certainly getting that, too.