SDEngineer has not seen ANY sign of the shadow inventory hitting the market. Its now safe to assume it never will and must simply evaporate into thin air leaving housing values un-affected by the magnitude of its enormity.
Unfortunately for us, RT66, the government is subsidizing the banks so that they can keep the shadow inventory in the shadows. Just like they cook the books on CPI, unemployment, and everything else. The banks know that they are ruined if the true values of these assets become known so they just get their buddies in the government to make sure that doesn’t happen…
