Thursday, April 21, 2011

Housing inventory destruction?

Apparently, according to CNBC, if something is not likely to be "stylish by the time someone buys them", it should be destroyed.

The problem is, people need to live somewhere, regardless of how stylish or what effect it might have on rich people's property.
Yet these idiots really had that conversation on television.

4closurefraud said it best:
Ever think that they might not have clear title to these homes and the only option is to bulldoze?

File this one under 'burying the body.'