The primary, if not only, reason there has been a brief spike in subsidized demand for housing in recent months (2012), has been the GSE/FHFA endorsed REO-To-Rental plan, and associated securitization conduits, in which large asset managers have been encouraged to take advantage of government funded, risk-free financing (and entirely bypassing banks who have given up on loan origination due to legacy liability issues which have every bank tied up in litigation from now until Feddom come - just see today's Bank of America results) and purchase foreclosed properties in bulk, with the intention of converting them into rental properties.http://www.zerohedge.com/news/2012-10-17/och-ziff-calls-top-reo-rental-exit-landlord-businessIt is no secret that in addition to the well-known phenomenon of "foreclosure stuffing", one of the primary drivers of the artificial housing "recovery" has been the surge of hedge funds and asset managers into purchases of rental units courtesy of near-zero cost REO-to-rent federal lending facilities, which have taken out distressed inventory from the market in hopes of converting it into rental.

The thing is, Oahu doesn't have land to build on until Dole sells their pineapple fields and investors from around the world are looking at Oahu to purchase properties, so I think most burst bubbles will recovery quickly out there.Aloha!

I find this kind of disturbing and I am curious if this corresponds with the current residential housing market recovery???

There are friends, schools, athletics, grandparents, etc. all things that parents have to consider when they decide that they are going to move.

There are foreclosures to be had that offer instant equity if you manage the rehab costs right.However, if you have seen local values jump say, 25-30% or more YoY in your town, then I might look towards another area as something that extreme could indicate more of a bubble than a recovery.

. - (if you haven't already noticed people around here worship Kentucky athletics and put Coach Calipari on a level of importance up next to President Obama!

I almost wouldn't call it "growth" as much as it is recovery in a lot of places.  

I am proud to be a part of the recovery, and I hope I can say I got rich betting on these great people. 

As an athlete the majority of my life hard work is instilled in me.  

You could be flooding your drainfield without allowing sufficient recovery time.