Michael Olenick: 9.8 Million Shadow Inventory Says Housing Market is a Long Way From the Bottom « naked capitalism

Michael Olenick: 9.8 Million Shadow Inventory Says Housing Market is a Long Way From the Bottom « naked capitalism If this article is even remotely close to the reality we have a much longer time before we are out of the woods with the housing recovery. People could be just being a house to spend more than renting. Renting right now seems more sensible on a lot of fronts. Factoring in the maintenance costs you can make a plausible argument that buying a house right now might not be a smart investment even when everyone is saying prices have hit rock bottom. Read the article and find out more.