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Inane Thoughts: CNNMoney Article says "Housing Shortage is Coming"

• GlobalEconomicAnalysis.blogspot.com
 
"It is ironic, but there is a growing consensus that there may be a new housing shortage coming," said James Gaines, a real estate economist with Texas A&M. So far, the shortfall has been masked by a weak economy that has put a damper on home buying. Once the job market rebounds, however, people will look to have their own homes again. This pent-up demand could get unleashed on unprepared markets, causing shortages and rising local prices. Growing Consensus a Housing Shortage is Coming?! That is one of the most absurd claims I have ever heard. There is enough housing inventory to last for years if you factor in shadow inventory.

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