[quote=zk]Seems highly unlikely to me. What does “1 year’s supply of foreclosures” mean, anyway?
What is the status of these alleged foreclosures? Are they vacant? Are the people still living there but rent free? I’m not aware of any of the former. And if it’s the latter, they’re really not foreclosures yet (and I haven’t heard of any of those, either).
Like you said, a grain of salt. Or maybe a truckload.[/quote]
Uh, as in if there’s 5 foreclosures per month in CV, then the banks are holding off 5 x 12 foreclosures to dribble out? If this is the case, they can probably release them all at the same time and sell every single one of them.
