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Where, oh where, have all the HUD houses gone?
HUD homes for sale in Coweta County Georgia are becoming more scarce with each passing day.
And while at first that seems like good news, it really has me thinking that there is foul play afoot,
Because the number of foreclosures has not abated one has to wonder if the so called “shadow inventory” is growing as fast as the National Debt.
Is this a Keynesian attempt at market stabilization or is the motivation purely political? Either way there is trouble looming ahead when these houses are finally released into an already tenuous market.
My preference would be to sell them as soon as they can be sold. Otherwise they will simply be stripped by vandals and left to decay into oblivion.
If that is the intent of the powers that be may I offer this admonition?
Let the houses go!
... more

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