I don’t think the sale inventory will drop all that much. There are millions of homes sitting vacant nationwide and millions that are second homes owned by speculators. They will not be bailed out (if they are I’m going to become a tax renegade).
There are already millions of vacant, foreclosed homes that the banks are holding on to as well. The bailout won’t help those either!
All the bailout proposals I’ve heard involve primary-owner-occupiers. No? I would hope that due diligence is paid to make sure that if a bailout happens (I hope it doesn’t), it only helps owner-occupiers and not speculators/banks/investors.
