patrick.net

The worst part about it is if they actually just let the market correct, we would have a much more mobile work force, and renting would not have a stigma attached to it. But since they've decided to turn housing into a "valuable commodity" instead of shelter, well... we have what we have right now.

even if they do release the inventory I think we're way beyond the point where you can expect to stroll into a foreclosed listing and be the only one writing an offer.
I did that 2 years ago. I was one of the people who walked in, trashed talked the house, offered 20% below asking price.. and the bank accepted my offer.

Now there will be a bidding war for every one of them.