Whitney Tilson Comments on the Housing Market

By on October 15, 2010

Aaron Task interviewed Whitney Tilson regarding his opinion of foreclosure-gate at the Value Investing Congress. Tilson predicted the housing crisis a few years ago. Tilson’s view is that mortgages should be modified to keep as many people in homes as possible. He says another surge in foreclosures would be devastating for the economy.

Tilson added that he is still short the homebuilders as there is enough existing housing inventory to satisfy demand for many years.

Source: Yahoo! Finance

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