Photo: A Gary Shilling & Co.
Gary Shilling says you should have sold your house “yesterday” because prices still have a long way to fall.In his latest investment letter, Shilling wrote (via Pragmatic Capitalist), “Sell your house, second home or investment single-family houses yesterday, if you plan to do so any time soon (unfavorable) Excess inventories are likely to push prices down another 20%.”
It’s one of Shilling’s 11 investment themes, which also include the strength of rental properties in the current market. He also thinks homebuilders will continue to be a wreck.
Business Insider Emails & Alerts
Site highlights each day to your inbox.