Fair enough. By your antagonistic approach to me I assumed you were a realtor. Sorry.
Thanks for giving some actual opinions that’s a rare commodity around here on some hot topic threads.
What exactly do you mean when you ask “where is the shadow inventory?”
Are you asking me where as in “please provide addresses for 10,000 plus distressed SD homes” (shadow)?
You can go to RealQuest and get the street names is that good enough for you?
There are houses near me that don’t show on RealQuest or RealtyTrac and have been empty for years, (yes years) but if you drove around the hood you would probably not be able to identify them nor would people who drive by them all the time.
If a neighbor 5 houses down from you stopped paying his mortgage 6 months ago and the banks have not filed a NOD then neither you nor I could find it even on RealQuest.
I guess what I am saying is that even with all you can find on ReaQuest, a majority of the homes probably are not easily discerned from the outside as being in a stage of foreclosure. Many still have people living in them. Many are kept up by the banks because they get fined if they don’t.
So if you are insinuating that because you or your 4 year old can’t “see” them that that somehow undermines the validity of their existence then I give up.
