patrick.net

KILLERJANE says

Prices are rising, pulling underwater homes closer to the surface, reducing 'at risk' borrowers, lessening the shadow.

The problem is when people come out from being underwater they will be putting their houses back on the market increasing inventory and lowering prices.

KILLERJANE says

Supply demand and shit low prices

If only supply wasn't low because of underwater home owners and shadow inventory. If only demand wasn't high because of scarcity and herd mentality. If only the "shit low" prices were in line with historic appreciation rates.

ELC says

KILLERJANE says

Supply demand and shit low prices

If only supply wasn't low because of underwater home owners and shadow inventory. If only demand wasn't high because of scarcity and herd mentality. If only the "shit low" prices were in line with historic appreciation rates.

Buffett in my opinion is a CLOWN.

everything says

You sold it for 30% more than you paid just months ago?,

There is a big difference between believing something's worth 30% more and selling it for 30% more. It's the common man's version of extend and pretend.

robertoaribas says

you are of course partially wrong... If someone owes 100k, and currently their home is worth 90K, they can't sell... when the value goes up $110K, they can list it. BUT your contention that they can cause prices to drop in ridiculous, they cannot lower their price. So, they can stop prices from rising, but not cause them to fall...

I see your point but more inventory will end bidding wars. That's what been artificially boosting prices.