Despite their near-term bullishness on housing, Goldman Sachs does not think we have seen the bottom in housing. Merrill Lynch, on the other hand, says the bottom has been reached. Mark Zandi says the housing recovery is almost entirely due to government actions. The expert of experts, Robert Shiller, sides with Goldman. He says the odds are that home prices will continue their slide in the coming months:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.