Wednesday, June 2, 2010

Squatter's Squalor

It's like I told you
Only the lonely can play
--The Motels

More evidence that the economy has been buoyed partly because many folks are using former mortgage money to fund their lifestyles.


The above chart also offers insight into one driver of the growing 'shadow inventory' in housing. What happens to the house prices if/when this growing supply hits the market?

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