On: "Paul Krugman: How Could QE Work?"

A shortfall? Wouldn't this be the case only if the Shadow Inventory is kept off the market until it rots or if Federal Housing Finance Agency (FHFA) "qualified" cash/bulk buyers turn it all into rentals?

From Paul Krugman: How Could QE Work?

[A]t this point it’s not at all clear that we have an overhang of excess housing capacity; we might even have a shortfall.

From Paul Krugman: How Could QE Work? [A]t this point it’s not at all clear that we have an overhang of excess housing capacity; we might even have a shortfall.

via Calculated Risk: QE3 and the Residential Investment Transmission Mechanism.

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