Intel Corp (INTC)

[Sarmad]

>> Something puzzles me. If we have a glut of empty unsold houses,

There was was a glut of unoccupied housing units. Especially back in '06. Recently, this glut has been amplified by newly-impovershed young people returning to their parents home after losing their employment. Also many undocumented immigrants moved back to Mexico from Nevada, Arizona, and Calif.

>> Any way you count it, we have too many houses for the number of available families.

That's where time comes in. Housing stock becomes unlivable at the rate of 1%-2% per year. Even if there were a couple of million excess housing units, the least habitable of them will need to be demolished soon. So that problem takes care of itself.