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The Real Mental Challenges For Housing Bulls

By Bubbabeefcake   2012 Nov 17, 12:25am   746 views   1 comment   watch (0)   quote      

http://www.ritholtz.com/blog/2012/08/shadow-ghost-inventory-negative-effective-negative-equitythe-real-challenges-for-us-housing/

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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1   APOCALYPSEFUCKisShostikovitch     2013 Jun 2, 9:38am  ↑ like (2)   ↓ dislike   quote    

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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