Saturday, August 11, 2007

we're all real-estate speculators. . ..

For the moment, what we are stuck with is a system that relies on astuteness and judgment on the part of all making speculative decisions. In the current case of the housing and mortgage industries, such reliance has proved to be, literally and figuratively, a bad bet.

A month has passed since Washington introduced licensing exams for some aspiring new mortgage brokers, and more than half of those taking one of the key tests have flunked. Puget Sound Business Journal

Culled from The Housing Bubble Blog

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