Let’s face it. We are still in a non-recovery when it comes to the housing market. America simply built too many houses during the boom times and now supply far outweighs demand. Foreclosures continue to run rampant as homeowners begin to walk away from a home they no longer can continue to finance. We here at Equinox Partners dislike Real Estate assets because of there illiquidty or ability to convert assets back to cash. Real Estate assets in our opinion are also to expensive to maintain causing high capital expenditure costs. Real Estate assets utility remains in the ability to produce cash flow. Here are a few charts displaying the dismal condition of the U.S. Housing market: