Replies to post #154226 on SwingTrade Member Forum (SWING)

[BRIG_88]

yeah but the banks bail out plan for the insurance companies that insure them is the most insane load of shit spin to every hit the markets....BRIG

[Painterguy1]

You must have missed the explanation, it all makes sense now.

You see, in past years banks did not usually list foreclosed properties with realtors so they didn't show up in the inventory numbers, recently banks started listing properties, so the inventory numbers aren't really that bad because you can't compare them to previous years in an apples to apples way. The media is making the inventory number worse than it really is.

I was waiting for the commentator to say, "But there haven't been that many foreclosures over the last 10 years so it wouldn't make a difference.