We asked national real estate consultant, and acclaimed housing market prognosticator, Kirk Nace, for his take on this article and he simply responded with "We've been consistently sharing this, and similar information since late 2004. The US housing market WILL NOT bottom before the latter part of 2015 at the absolute earliest and today's prices will be higher than prices will be at any point for well over a decade. Our message isn't any more popular today than it was almost 7 years ago when we started sharing it, we recognize that Realtors, bankers, builders and sellers don't like the news. I guess the question is will you benefit more by shooting the messenger or by working with someone like us to uncover the opportunities that exist? By the way, there are more and larger opportunities in the US housing market today than ever before, if you know how to recognize them."
Click on the title above or the link below to review the entire Business Insider article.
http://www.businessinsider.com/hedge-fund-manager-alistair-lumsden-the-us-housing-crisis-is-not-ov-2011-5
