Shadow Inventory Real or Imaginary

[Michael Zuber]

As a buy and hold investor I am looking forward to buying several additional properties in 2010. But one question I have to ask myself is whether or not the Shadow Inventory I hear about all the time is real or imaginary.

I figure given all the experience on this board that we might be able to figure it out for ourselves. Do you see Shadow Inventory coming on the market or is it all gone and just a dream.

What do you think??? Real or Imaginary??