I read this yesterday at housing wire. While short sales and deed -in-lieu make for a “graceful” exist for the FB than foreclosure, I don’t see how the latter keeps communities intact.
Maybe the deed in lieu turns into a rent back situation or something like that. Something like rent back or conversion to affordable housing would keep inventory off the market too…so would just not selling it… and these would help society. I am pretty sure a conduit will be found for all this future “shadow inventory”, if the opposite means crashing nominal prices into oblivion. O.k., maybe I’ll be wrong.Just for the record, I am certainly not being bullish just to oppress bears. If the bears are right there is a big upside to that too.Cheaper houses.
Rt.66 – …When will it hit the market, if ever, or are the banks waiting for inflation to hit or a meteor or some other equally ridiculous thing to happen.
If inflation hits, it will not help the bankers, it will break people’s ability to pay for real estate even further into flinders. With millions of cheap Chinese laborers on the chessboard now, the “wage” part of the phrase “wage/price inflation” is a thing of the past for us.
Rt.66 – …When will it hit the market, if ever, or are the banks waiting for inflation to hit or a meteor or some other equally ridiculous thing to happen.
If inflation hits, it will not help the bankers, it will break people’s ability to pay for real estate even further into flinders. With millions of cheap Chinese laborers on the chessboard now, the “wage” part of the phrase “wage/price inflation” is a thing of the past for us.
Rt.66 – …When will it hit the market, if ever, or are the banks waiting for inflation to hit or a meteor or some other equally ridiculous thing to happen.
If inflation hits, it will not help the bankers, it will break people’s ability to pay for real estate even further into flinders. With millions of cheap Chinese laborers on the chessboard now, the “wage” part of the phrase “wage/price inflation” is a thing of the past for us.
Rt.66 – …When will it hit the market, if ever, or are the banks waiting for inflation to hit or a meteor or some other equally ridiculous thing to happen.
If inflation hits, it will not help the bankers, it will break people’s ability to pay for real estate even further into flinders. With millions of cheap Chinese laborers on the chessboard now, the “wage” part of the phrase “wage/price inflation” is a thing of the past for us.
Rt.66 – …When will it hit the market, if ever, or are the banks waiting for inflation to hit or a meteor or some other equally ridiculous thing to happen.
If inflation hits, it will not help the bankers, it will break people’s ability to pay for real estate even further into flinders. With millions of cheap Chinese laborers on the chessboard now, the “wage” part of the phrase “wage/price inflation” is a thing of the past for us.
