Esmith I didn’t ask for a sarcastic comment, I just tried to point an idea out that may affect the market. You ask what difference does it make to me? Well, for one a lot less inventory would obviously change housing prices and secondly I would guess that international investors would have some creative ways of selling or renting these homes.
Then for your second brainless answer as to an REO getting 94 cents on the dollar. The banks can’t sell homes right now if they tried. Many homes are overpriced and sitting on the market. With time, expenses and many other attributing factors chances are they wouldn’t even get 85 cents on the dollar. It’s just common sense!
