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Subject:  Re: Carpe Diem Gitting it Wrong? Date:  10/20/2012  11:25 AM
Author:  arrete Number:  649957 of 875596

The housing market's ballooning shadow inventory

I think that's right - around here, anyway. There are plenty of pleople who have delayed the decision to move - like retirees, moving from large family homes to condos. That could put a glut of large houses on the market. And an obvious amount of empty houses that have been empty for a while, but aren't for sale. It's going to take a while to get rid of the idiotic housing policies of the mid 2000s.

arrete - Florida and other reitrement spots while be hardest hit because those who resided in the houses of the shadow market have most likely moved to a new, permanent abode with the angels (or devils). We were lucky to sell MIL's house while we could.
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