Didnt get into the video but just my 2c from the retail level is the short sales are a disaster and the bank owned properties are much more desirable for my clients.

Hoping to pick up a Fannie owned home today in Sno County for about 90k under an inflated assessment but still a bargain and they actually respond to offers within 2-3 days vs 2-4 months in many short sales.

Next fun step will be fighting Sno County on the property taxes as they should be about 30% lower than current amount. It will be interesting to see the new assessments come out over the next few years as the counties sure cant afford to give up this revenue but have no choice but to drop these values and the tax revenue base that they are tied to.