Friday, June 15, 2007

TICs - PLEASE regulate yourselves....

For my 100th post, I go back to a subject I discussed previously: tenants-in-common. Here's a good story on a recent conference where much was said about the need for self-policing in the tenant-in-common industry. Experts are (rightfully) worried about risk, inefficiency and the need to build a stronger marketplace.

YES! THANK YOU! Some of us have been complaining about this for years now. Please, please, PLEASE govern yourselves before we have another S&L type disaster, which will lead to the government getting involved, meaning less efficiency and more cost.

This is a good step in the right direction. Let's just hope it isn't, as my father used to say, "NATO: no action, talk only."