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So THAT's what happened to the shadow inventory!


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2013 Apr 27, 10:46am   1,637 views  1 comment

by New Renter   ➕follow (1)   💰tip   ignore  

Its all in Spain!

http://www.guardian.co.uk/money/2012/jun/08/buy-holiday-home-spain

http://www.marketplace.org/topics/world/fix-housing-collapse-spain-looks-foreigners

#housing

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1   AD   2013 Apr 27, 12:22pm  

Get enough inside (i.e., Wall Street) and foreign investors to buy up all the shadow inventory in Los Angeles and rest of country. Just have to work on driving down the Rent to Income ratio so they can be profitably converted to rental properties.

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