And one of the funniest recurring bits in the movie is when the air traffic controller played by Lloyd Bridges keeps having to deal with all these problems and makes cracks like … “Looks like I picked the wrong week to… quit drinking, smoking, sniffing glue… you get the point.

Well, today condo developers are in the same boat as Lloyd.

Fannie and Freddie decided to change the requirements for financing condos and let’s just say that it’s even tougher to buy a condo now than it is to be in charge of an Airplane where Mrs. Cleaver is speaking jive.

One of the new rules is that a buyer can’t qualify for a conventional loan unless the development is 70% presold – that’s up from 51%.

Geez.

Here’s a question for you Fannie and Freddie – do you actually want to make mortgage loans?