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Home › Forums › Housing › The Ongoing Case-Shiller Fallacy/Shadow Inventory › I guess this guy “dont have

October 1, 2009 at 10:01 AM #463179
Rt.66
Participant

I guess this guy “dont have an understanding of the inner workings of the housing market.” either, LOL.

October 1st, 2009
Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.

Shadow Inventory Case Study: Inventory in the Shadows Twice as Big as Normal Resale Inventory in Los Angeles and not on the MLS or for Public Viewing. Foreclosures and Distress Properties Clogging the System.

This part is interesting even to the ignorant:)

Keep in mind that this data is only for homes that have action being taken on. There is probably a shadow to the shadow inventory! That is, we have heard and know that many banks are not even sending notice of defaults to some late paying borrowers. In other words, there is a boatload of toxic debt out there.