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Is the threat of shadow inventory truly manageable?


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2013 Jan 2, 11:37pm   1,844 views  5 comments

by golfplan18   ➕follow (1)   💰tip   ignore  

http://ochousingnews.com/news/is-the-threat-of-shadow-inventory-truly-manageable?source=Patrick.net

With housing markets, the elephant in the room is shadow inventory. Much has been written about the subject over the last several years. It’s been portrayed as an apparition among the housing bulls, as if the millions of delinquent mortgages simply don’t exist. Most bulls comfort themselves with fanciful notions of loan modification programs succeeding and some simply denying there is a problem at all. Well, there is a problem. Lenders underwrote trillions of dollars worth of mortgages to people who couldn’t or wouldn’t pay them back. Contrary to the popular myth in the mainstream media, it isn’t a problem...

#housing

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1   nope   2013 Jan 3, 1:28am  

I believe the shadow inventory is in mordor.

2   dunnross   2013 Jan 3, 3:27am  

It's quite simple. This market is manipulated, and markets cannot be manipulated for too long. This simple fact has been proven over and over again. Those who deny it, will live to see the day when they are completely wiped out, financially.

3   wave9x   2013 Jan 3, 3:45am  

I have worked with banks - they are incredibly incompetent. Think "Three Stooges". For them to pull off a concerted yet secret plan to sequester away property in order to control the market is pretty close to laughable.

4   CDon   2013 Jan 3, 6:06am  

dunnross says

This market is manipulated, and markets cannot be manipulated for too long.

Define "too long". I say that because DeBeers has been sucessfully manipulating the market for 60+ years. The US govt has been sucessfully manipulating certain commodity prices for nearly 80 years. Is this not "too long" in your book?

5   epitaph   2013 Jan 9, 5:43am  

The long term implications of the current US fiscal policy are not good, the real question is how long they can keep the show going.

I don't have an answer for this, but I would really like to know.

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