I agree there is no fix for housing at this point. As a home builder I see the demand swings and while my market is graced with Military building from BRAC there is no demand as you move away from the base. The supply has to be sold off. The so called shadow inventory is real, homes sitting on banks books while the Gov. lets them borrow at .25% to buy Treasuries at 2.5% to keep the revenues up so they can hold them on the books at depressed values. It is not a cover up but about the only way to leak the supply back into the market while not crashing everything. It will be a while before we use our supply up, just hope the manufacturing and lumber sectors can hold on.