It feels like I’ve been hearing about “shadow inventory” — Boston proper condos that are in foreclosure but haven’t hit the market yet — forever. Yet no flood of foreclosures has yet inundated the market, and as a matter of fact, inventory has been quite scarce lately. Is there anything to this shadow inventory concept?
I’m wondering, maybe there is no shadow inventory. There is no bank conspiracy. There wiil be no Boston proper condos waiting like vine-ripened tomatoes waiting to be plucked for the taking. Maybe, as one blog reader stated: “Good nabes are recession proof.”
Okay, maybe I should stop there.
File Under: Confused?