[quote=sdrealtor]JC you are exempt. Arraya you look good in silver headgear. Being a realtor has nothing to do anything. I dont care where prices go and with my style/personality I do far better in a down/declining market any way. You are the one lacking commonsense if you beleive what you proposed is possible. You didnt say coordination, you said the fed could release inventory. That is nonsense. Sure the feds can aid and abet things but they do not have the ability to withhold inventory from the market any more than they could stop you from selling your tinfoil hats on the street corner.[/quote]
I’ve always wondered about this “control of inventory”. It’s always went like this:
1.Banks don’t bother sending NOD’s for years to the free rent hordes.
2. Banks put off trustee sales for years.
3. Back to bene inventory is withheld from market forever.
When I suppose that banks can do all that, I think, gee, maybe I oughtta rethink the idea that foreclosure/bank inventory is distressed. Seems like for whatever reason( and I’ve heard them all ad nauseum) banks can hold onto houses far longer than the majority of nonbank sellers.
