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The Real Mental Challenges For Housing Bulls

By Bubbabear   Follow   Sat, 17 Nov 2012, 12:25am PST   518 views   2 comments
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Shadow and ghost inventory with respect to supply is only a part of the problema red herring really. One has to look deeper than most analysts, reporters, or bloggers care to in order to see the true extent of the woes facing US housing going forward. On shadow inventory we know most paid forecasters are definitionally challenged. But everybody should agree that based on 110k average distressed resales per month 1,3mm per year for the last 2 years (based on NAR public figures) that this overhang will be with us for a long time. Thats whether you look at the...

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The Professor   Sat, 17 Nov 2012, 12:53am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 1

from the article:

"1) HALF of the primary housing demand cohort is “Zombified” – unable to sell and rebuy a house.

No “escape velocity” or “durable” recovery will ever occur until the repeat buyer cohort is mobilized, which will take a combination of massive debt cram downs, credit easing, and housing inflation."

A lot of people planned on using their house for retirement. Now they can't sell. As the baby boom ages, there will be more, better, less expensive, houses for sale.

Unless the government manipulates the market.

APOCALYPSEFUCKisShostikovitch   Sun, 2 Jun 2013, 9:38am PDT   Share   Quote   Permalink   Like (2)   Dislike     Comment 2

Boomers will just have to get over it and stick guns in their mouths. No one will buy their pathetic shacks. Starving neonazi cannibals will eat them. Everyone knows that.

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