America’s big, fat housing inventory

[rankandfile]

Now I know why:

1) Both political parties want illegal immigration from Mexico – no other nationality is procreating fast enough to provide enough consumers to help buoy the lagging housing demand and failing social security fund.

2) The Fed talks a tough game about wanting to protect inflation but doesn’t give a frog’s fat @ss about it. The truth is the Fed is only concerned with short-term appeasement of politicians, high rollers and players in the financial and energy markets, and the sheeple who are stupid enough to believe that they are trying to actually help us. Amero, here we come!!!

The Fed is fully aware that all of the smoke and mirrors of the past 10 years was due to housing speculation. Why shut off the smoke machine now?

Vote Ron Paul 2008

[nostradamus]

4.4 M homes for sale
13.5M homes vacant due to foreclosure

I smell a bank conspiracy! If the banks foreclose on everone, but don’t re-sell the property, they can control inventory! They can just hold out, like they did in Boston! Evil!

[nostradamus]

4.4 M homes for sale
13.5M homes vacant due to foreclosure

I smell a bank conspiracy! If the banks foreclose on everone, but don’t re-sell the property, they can control inventory! They can just hold out, like they did in Boston! Evil!

[nostradamus]

4.4 M homes for sale
13.5M homes vacant due to foreclosure

I smell a bank conspiracy! If the banks foreclose on everone, but don’t re-sell the property, they can control inventory! They can just hold out, like they did in Boston! Evil!

[4plexowner]

Here’s Mish’s take on these numbers – by his calculations there are 15.8 vacant homes total (listed & unlisted) – he makes some observations that hadn’t occurred to me

http://globaleconomicanalysis.blogspot.com/2007/10/pent-up-housing-supply.html

[4plexowner]

Here’s Mish’s take on these numbers – by his calculations there are 15.8 vacant homes total (listed & unlisted) – he makes some observations that hadn’t occurred to me

http://globaleconomicanalysis.blogspot.com/2007/10/pent-up-housing-supply.html

[4plexowner]

Here’s Mish’s take on these numbers – by his calculations there are 15.8 vacant homes total (listed & unlisted) – he makes some observations that hadn’t occurred to me

http://globaleconomicanalysis.blogspot.com/2007/10/pent-up-housing-supply.html

[kewp]

I smell a bank conspiracy! If the banks foreclose on everone, but don’t re-sell the property, they can control inventory! They can just hold out, like they did in Boston! Evil!

In any other industry this would be racketeering.

[kewp]

I smell a bank conspiracy! If the banks foreclose on everone, but don’t re-sell the property, they can control inventory! They can just hold out, like they did in Boston! Evil!

In any other industry this would be racketeering.

[kewp]

I smell a bank conspiracy! If the banks foreclose on everone, but don’t re-sell the property, they can control inventory! They can just hold out, like they did in Boston! Evil!

In any other industry this would be racketeering.

[cr]

“Hard to imagine that there are 13.5 million people in America who can afford to let a house sit vacant”

A majority of those are probably bank owned or owned by builders or those who financed the builders.

Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market. They’ll sell, just look at Countrywide’s foreclosure listings. They add more everyday.

[cr]

“Hard to imagine that there are 13.5 million people in America who can afford to let a house sit vacant”

A majority of those are probably bank owned or owned by builders or those who financed the builders.

Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market. They’ll sell, just look at Countrywide’s foreclosure listings. They add more everyday.

[cr]

“Hard to imagine that there are 13.5 million people in America who can afford to let a house sit vacant”

A majority of those are probably bank owned or owned by builders or those who financed the builders.

Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market. They’ll sell, just look at Countrywide’s foreclosure listings. They add more everyday.

[kewp]

Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market.

They sure do, when each sale lowers the value of all the rest!

[kewp]

Banks would have no reason to hold on to millions of dollars of unsold homes in a depreciating market.

They sure do, when each sale lowers the value of all the rest!

[Author]

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