You missed the point (again). The point is there are many facets to this disaster (you point out some) and all are bad for RE values.
My point is we have a huge inventory of shadow homes AND a growing short-sale epidemic AND a looming Option ARM issue. Oh, and I did not post a time frame for shadow market homes to hit the market.
Did I try to make it sound too simple? I thought I made a case for the situation having many “cars” on the pain train, as in NOT simple, but rather convoluted, with many aspects that effect RE now and far into the future.
