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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (719517)	6/5/2013 12:38:28 PM
From: FJB	Respond to of 1582685

The Entire US Housing Market In One ChartSubmitted by Tyler Durden on 06/05/2013 - 11:49Residential housing is the single largest "tangible" US real estate asset, worth roughly $18 trillion (but well below the total financial assets in circulation in the US).Housing inventory as of May was 133.2 million units, of which owner occupied is 78.9 million, renter occupied was 41.7 million, but most troubling: 12.6 million was Vacant. Some shortage... It is this mismatch between 11.1 million in negative equity "owner occupied" units and 12.6 million vacant units that all those who peddle the rent-to-own dream are focused on as America becomes increasingly a society of rents. It also means that the millions in soon to be formerly owner-occupied homes have to stay on bank books and not enter the market in other to generate the illusion of scarcity or else the myth that there is a housing shortage will be blown right out of the water.