“what will happen after most of the good foreclosures are bought”
some of these properties are being bought by investors – maybe to keep and rent if the numbers make sense – maybe to hold until the market recovers
point being that some of the foreclosures are being held until they can be sold at a profit – same concept as “overhead supply” in the equity markets – as a market moves up it has to work through this overhead supply before it can move into new, higher territory
