Warren Buffett, Bill Ackman and Robert Shiller all think that housing right now is a very attractive area to invest. It isn’t hard to see why with investors being able to lock in incredibly low fixed interest rates and rental demand being robust.
Robert Shiller’s partner provides his opinion on where housing is in terms of recovery:
- ix years into this mess housing is down 34% across the U.S.
- We aren’t going to ever get back to 2.5 million housing starts a year, but there are signs of life despite the overhang of inventory.
- The risk needs to be taken out of the government's hands (Fannie Mae/ Freddie Mac).
- We have a recovery that is taking place without housing contributing.
- Housing starts are still at 60-year lows, at levels that were 80% the peak.
- Now is the best time to buy a house in five or six years, obviously.
- Interest rates are extremely low, obviously, but there are a lot of people who can’t get credit.
Robert Shiller’s partner provides his opinion on where housing is in terms of recovery:
- ix years into this mess housing is down 34% across the U.S.
- We aren’t going to ever get back to 2.5 million housing starts a year, but there are signs of life despite the overhang of inventory.
- The risk needs to be taken out of the government's hands (Fannie Mae/ Freddie Mac).
- We have a recovery that is taking place without housing contributing.
- Housing starts are still at 60-year lows, at levels that were 80% the peak.
- Now is the best time to buy a house in five or six years, obviously.
- Interest rates are extremely low, obviously, but there are a lot of people who can’t get credit.
