« Back to story "The Housing Market Condition is Worse than What we see - 2/3 of Foreclosures are NOT even Listed for Sale and considered "Ghost Inventory""

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Posted by: qantumreflection 10 months, 2 weeks ago

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qantumreflection10 months, 2 weeks ago

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The banks and the rest of housing related markets have a vested interest in NOT showing all properties that in forecloser. Simple supply and demand mechanics would further beat the flattened "housing market" horse paper thin.

Think on property values, and their related tax base government revenue streams, plummeting. Rentals would crash as the flood of new inventory opens up.

It may be purposeful or coincidental. The benefit of hiding it counterbalances the negative, for now. Right now, the little guy is gonna not only take it on the chin, but also in the kidneys and in the crotch.

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