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A Radical Solution to the Housing Crisis: Bulldoze 'Em

....or, maybe not so radical?

It's a truism that there's a huge overhang of housing inventory, not to mention so-called "shadow inventory" due to mortgage defaults which have not actually gone to foreclosure.

Why not take a pointer from "cash for clunkers," which involved destroying perfectly usable, if used, vehicles to stimulate demand for new  ones?   Why can't we do precisely the same sort of thing with our excess housing stock?

Create demand by destroying supply--the supply/demand curve is a relative beast, when you get right down to it.

Bulldoze 'em...torch 'em....blow 'em up....get rid of all that excess housing capacity, fast.

The sooner we do so, the sooner we can close the books on this and say:

"Crisis SOLVED!"


Disclosure: I am long BRK.B, LUK, MKL, WSC, WTM, BSV.