4.25 Yrs. SoCal RE Inventory – Mr. Mortgage’s New Video on SoCal

[(former)FormerSanDiegan]

“Should we include shadow inventory”

Of course. It is imminent future inventory. It is pent up supply. It is something that will be on the market. It would be deceiving people to not take into consideration that there will be massive amounts of properties for sale. The banks can’t sit on them forever. They will eventually be unleashed to the market.

If you are going to include shadow inventory, why not go all the way and include all houses in existence ? The average person moves every 5-7 years, so they will eventually be on the market. Even those who think they can hold out forever cannot. They can’t hold on forever because they will eventually die, unleashing these houses on the market. Add these to the potential foreclosures and you get about 34 years of inventory in San Diego county. So, the real potential inventory is much larger than these predictions.

[jpinpb]

FSD – In all seriousness, the properties banks are holding are imminently going on the market. Most have already been on the market as short sales, go off, then back on very shortly after the bank takes possession. They need to be considered as inventory. Sure people move every couple of years. Why exaggerate? There is potential for more inventory, but the banks’ properties are a sure thing. And I might add, leading the way and setting the tone for the market and pricing.

[jpinpb]

FSD – In all seriousness, the properties banks are holding are imminently going on the market. Most have already been on the market as short sales, go off, then back on very shortly after the bank takes possession. They need to be considered as inventory. Sure people move every couple of years. Why exaggerate? There is potential for more inventory, but the banks’ properties are a sure thing. And I might add, leading the way and setting the tone for the market and pricing.

[jpinpb]

FSD – In all seriousness, the properties banks are holding are imminently going on the market. Most have already been on the market as short sales, go off, then back on very shortly after the bank takes possession. They need to be considered as inventory. Sure people move every couple of years. Why exaggerate? There is potential for more inventory, but the banks’ properties are a sure thing. And I might add, leading the way and setting the tone for the market and pricing.

[jpinpb]

FSD – In all seriousness, the properties banks are holding are imminently going on the market. Most have already been on the market as short sales, go off, then back on very shortly after the bank takes possession. They need to be considered as inventory. Sure people move every couple of years. Why exaggerate? There is potential for more inventory, but the banks’ properties are a sure thing. And I might add, leading the way and setting the tone for the market and pricing.

[jpinpb]

FSD – In all seriousness, the properties banks are holding are imminently going on the market. Most have already been on the market as short sales, go off, then back on very shortly after the bank takes possession. They need to be considered as inventory. Sure people move every couple of years. Why exaggerate? There is potential for more inventory, but the banks’ properties are a sure thing. And I might add, leading the way and setting the tone for the market and pricing.

[Bugs]

Oversupply is oversupply, whether the overhang is 3x as many as we have buyers for or 6x, the result is the same.

Buyers have options, one of which is to continue renting. The banks really don’t have options. They’re competing with each other for the limited numbers of buyers at these prices. Once the pricing drops to a rent equivalency those renters who can qualify will start jumping in. Once the prices drop below rent equivalency the long term investors will jump in.

Incidentally, a 4 year supply of homes puts us at 2012 before things stabilize. That’s a mite longer than what a lot of the bear pundits have been saying but it’s by no means extreme.

[Bugs]

Oversupply is oversupply, whether the overhang is 3x as many as we have buyers for or 6x, the result is the same.

Buyers have options, one of which is to continue renting. The banks really don’t have options. They’re competing with each other for the limited numbers of buyers at these prices. Once the pricing drops to a rent equivalency those renters who can qualify will start jumping in. Once the prices drop below rent equivalency the long term investors will jump in.

Incidentally, a 4 year supply of homes puts us at 2012 before things stabilize. That’s a mite longer than what a lot of the bear pundits have been saying but it’s by no means extreme.

[Bugs]

Oversupply is oversupply, whether the overhang is 3x as many as we have buyers for or 6x, the result is the same.

Buyers have options, one of which is to continue renting. The banks really don’t have options. They’re competing with each other for the limited numbers of buyers at these prices. Once the pricing drops to a rent equivalency those renters who can qualify will start jumping in. Once the prices drop below rent equivalency the long term investors will jump in.

Incidentally, a 4 year supply of homes puts us at 2012 before things stabilize. That’s a mite longer than what a lot of the bear pundits have been saying but it’s by no means extreme.

[Bugs]

Oversupply is oversupply, whether the overhang is 3x as many as we have buyers for or 6x, the result is the same.

Buyers have options, one of which is to continue renting. The banks really don’t have options. They’re competing with each other for the limited numbers of buyers at these prices. Once the pricing drops to a rent equivalency those renters who can qualify will start jumping in. Once the prices drop below rent equivalency the long term investors will jump in.

Incidentally, a 4 year supply of homes puts us at 2012 before things stabilize. That’s a mite longer than what a lot of the bear pundits have been saying but it’s by no means extreme.

[Bugs]

Oversupply is oversupply, whether the overhang is 3x as many as we have buyers for or 6x, the result is the same.

Buyers have options, one of which is to continue renting. The banks really don’t have options. They’re competing with each other for the limited numbers of buyers at these prices. Once the pricing drops to a rent equivalency those renters who can qualify will start jumping in. Once the prices drop below rent equivalency the long term investors will jump in.

Incidentally, a 4 year supply of homes puts us at 2012 before things stabilize. That’s a mite longer than what a lot of the bear pundits have been saying but it’s by no means extreme.

[jpinpb]

2012 is just about the time patrick.net predicted:
“Baby boomers retiring. There are 77 million Americans born between 1946-1964. One-third have zero retirement savings. The oldest are 62. The only money they have is equity in a house, so they must sell. ”

Hey, FSD is right. We will never be through the inventory.

[jpinpb]

2012 is just about the time patrick.net predicted:
“Baby boomers retiring. There are 77 million Americans born between 1946-1964. One-third have zero retirement savings. The oldest are 62. The only money they have is equity in a house, so they must sell. ”

Hey, FSD is right. We will never be through the inventory.

[jpinpb]

2012 is just about the time patrick.net predicted:
“Baby boomers retiring. There are 77 million Americans born between 1946-1964. One-third have zero retirement savings. The oldest are 62. The only money they have is equity in a house, so they must sell. ”

Hey, FSD is right. We will never be through the inventory.

[jpinpb]

2012 is just about the time patrick.net predicted:
“Baby boomers retiring. There are 77 million Americans born between 1946-1964. One-third have zero retirement savings. The oldest are 62. The only money they have is equity in a house, so they must sell. ”

Hey, FSD is right. We will never be through the inventory.

[Author]

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