My Economic HOLY SHIT moment for the week

[womzilla]

This is courtesy of Atrios, from the New York Times

Across the nation, 19 million houses and apartments — nearly one out of every seven — are vacant, the highest percentage since the 1960s. But only about six million of those homes are for sale or for rent. That means millions more could still flood onto the market, depressing prices further. (emphasis added)

Way to go, economic overlords!