GARY SHILLING: Here's Why There's No Housing Recovery And Prices Will Collapse Another 20%

GARY SHILLING: Here's Why There's No Housing Recovery And Prices Will Collapse Another 20%

by Matthew Boesler

Everyone thinks the housing market in the U.S. looks like it's starting to bottom.
Famed economist Gary Shilling is not one of them—you could call him notably bearish on housing.
In fact, he expects prices to drop another 20 percent from here and doesn't think we will see a bottom in the market for another several years.http://www.businessinsider.com/gary-shilling-no-housing-bottom-in-sight-2012-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29&utm_content=Google+Reader