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Artificial Shortage?
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Friday, March 9, 2012 | 7:30 p.m.
What happened to that glut of homes on the market? A new law is preventing banks from foreclosing and pushing home prices higher. Is it good for the market in the long run? We'll ask a couple of experts. Plus, we'll meet another Las Vegas City Council hopeful, businessman F. Raja.
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Banks are afraid their artificial price mark ups of the glut of homes would disappear in a real market. Homes now worth an artificial 200K in this bubble would drop to their true value of 80K overnight. Speculators and their buddies at the banks would take another bath.