North Las Vegas Crisis An Example of Why To Stop Crying, "Shadow Inventory!" - The Wall Street Examiner

``... please stop crying "shadow inventory." I originally wrote, about two years ago, that it would not be a problem. Now that overbuilt areas are collapsing with blight, it is even less of a problem.  This is not real inventory in real markets. It's mostly fake inventory from fake markets that have completely collapsed. It will never harm the market in the vast majority of neighborhoods around the US where overbuilding happened, or where the bankster crooks overfished for suckers to take their financially toxic crap loans, mostly lower income urban communities.''