The Ongoing Case-Shiller Fallacy/Shadow Inventory

[temeculaguy]

Perhaps my calculator is malfunctioning, but how does 1.2m + 1.5m + 217k = 7 million?

[jameswenn]

the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.

[jameswenn]

the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.

[jameswenn]

the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.

[jameswenn]

the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.

[jameswenn]

the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.

[socrattt]

Enough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.

Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.

I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.

Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!

[socrattt]

Enough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.

Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.

I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.

Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!

[socrattt]

Enough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.

Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.

I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.

Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!

[socrattt]

Enough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.

Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.

I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.

Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!

[socrattt]

Enough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.

Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.

I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.

Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[Author]

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