Fannie's and Freddie's Problems Will:

With a little help from Uncle Sam, Freddie Mac and Fannie Mae may have avoided a complete implosion for now. A hefty 66% of our polled readers feel Fannie's and Freddie's problems will do serious damage to the multifamily sector, while another healthy 34% think the impact of this will be minimal. Luigi Rosabianca, principal attorney and founder of Rosabianca & Associates, took some time from his day to talk to GlobeSt.com about his feelings on the subject. Rosabianca represents buyers, sellers and developers in Manhattan and around the world.

"I don't think it will have a direct impact, but an indirect impact. You know what happens, things inadvertently always have to have an effect. If you have a cold, will it affect your wife? No. But you're sneezing, you're coughing and you're irritable, it affects her.

"The markets will always have a natural, cyclical manner in which they conduct themselves. Without sounding too simplistic, it's the same problems and benefits over and over again. It's definitely a corrective measure the government, as a regulatory agency, is coming in and trying to fix things and correct the capitalist forces at play.