Will Halloween Scare the Market into Respecting the Fundamentals?

`` The condo glut will literally devastate rental and owner-occupied buildings in the major metro areas. We have not come close to seeing the worst of the housing price declines. This no exaggeration! Up until this point, most of the attention has been drawn to residential foreclosures due to retail buyers getting themselves in trouble via too much debt, too much building, too little employment and deflating asset values/wealth (the wealth effect is something to behold, see Super Brokers form to push Super Broken products to make those with High Net Worth Super Broke for my take on social mobility, downwards style). Well now, it is the wholesale buyer/builder's turn.''