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Housing still a weak investment


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2014 May 5, 8:25am   1,088 views  1 comment

by tovarichpeter   ➕follow (7)   💰tip   ignore  

http://finance.fortune.cnn.com/2014/05/05/housing-jeffrey-gundlach/?iid=HP_LN

Your house is a terrible investment, and it's getting worse. Of course, that's good news for home shoppers. Prices are likely to fall from here. That was the view of one of the world's top bond managers at one of Wall Street's mosthigh profile investment conferences on Monday. Speaking at the Sohn Conference, which is being co-produced by Bloomberg, Jeffrey Gundlach, who is the founder of bond fund firm Doubleline Capital,called single family houses "overrated" and over-loved by individual investors. "Home ownership will continue to decline," says Gundlach.

#housing

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1   clambo   2014 May 7, 6:09pm  

Shiller also said that houses are not a good investment.

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