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RealtyTrac, CoreLogic Confirm Housing Bear Thesis: 85-90% of REOHeld Off Market


               
2013 Jan 27, 12:03pm   28,465 views  68 comments

by HousingBoom   follow (1)  

RealtyTrac, CoreLogic Confirm Housing Bear Thesis: 85-90% of REO Being Held Off Market, Meaning “Tight” Inventories Are Bogus

http://www.nakedcapitalism.com/2012/07/realtytrac-corelogic-confirm-housing-bear-thesis-85-90-of-reo-being-held-off-market-meaning-tight-inventories-are-bogus.html#5y9tQYtW81UaISZe.99

#housing

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1   HousingBoom   2013 Jan 27, 12:04pm  

Again, the sheep will get slaughtered when the housing market collapses.

2   thomaswong.1986   2013 Jan 27, 12:37pm  

HousingBoom says

Again, the sheep will get slaughtered when the housing market collapses.

I guess even the powers to be, who ever they may be, understand home price appreciation only keep up with inflation and incomes over the long run ... (R. Shiller facts). Else they wouldnt have allowed further declines in prices.

LOL! how do you explain to millions of all those homeowners (outside of CA) that the higher property tax due to higher market values during the boom years was all BOGUS...

I bet many want their property tax payment back...

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