The "Long Johns" explain the current ecomonic crisis

By
Real Estate Agent with United Country Walker Real Estate & Auction

Ah, you gotta love that Brit humor.

As know-it-all real estate professionals, we've all been asked our opinion of the current meltdown--what caused it, what effect it is having, what can be done about it, who to blame for it. This video from the UK's ITV gives a humorous, tonge-in-cheek, and yet very intelligent and accurate, partial explanation. Throw in the social engineering that suddenly gave every American a "God-given right" to own their own home, and you've pretty much covered all the bases.

So the next time you're asked about the crisis, just pass this along.

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meltdown
fannie mae
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