Once more, the eye is not on the main topic. The main topic is not how many squatters, or how many delinquencies or how many foreclosures. The main topic is not the banks deciding to keep or dump the assets.

It is all about securitization. Plain and simple. In the early 90’s there was not nearly the level of sophisticated securitization that there was in 2008. I am sorry you guys cannot wrap your arms around it. You are looking at the 5 foot level with the problem is 20 feet tall.

The time for natural causes within the real estate market itself to determine the direction of that market vanished back in 2008. You are clinging to a free market structure that is gone. You are presupposing that banks can and will make independent decisions and that is long gone as well.

Sorry to break that to you. What will happen will be that the burden of overall debt will break the back of this camel.

You just don’t seem to understand that the govt is all in… it is not a choice of the banks. It doesn’t really matter what they want to do because they will be “incentivized” to play properly.

You will see.

BTW nice backpedal markmax… it is “likely” to rain between now and the end of the year as well.