"Like a Hollywood set, housing inventory looks to be low only because that is what is being presented"

Like a Hollywood set, the housing market of today appears to be healthy on the outside but behind the scenes problems still persist. For example, in a very expensive county in Southern California there appears to be only two months worth of inventory but when you look at homes in foreclosure, you realize that this figure is twice as high as what the public is viewing. ... It is fascinating that many do thoroughly understand what is occurring. That is, the market is like a Hollywood set and is fake. It is a façade yet the financial system that proclaims "free market" capitalism all the way through is more than willing to let a command-control housing market take place. The irony of this all is that many of the programs holding up the market (i.e., FHA insured loans, GSEs MBS, etc) at their core are set to keep housing affordable for Americans.