Sat, 17 Nov 2012, 12:53am PST
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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.