Pimco’s Kiesel who called housing top and bottom says it’s time to sell
Mark Kiesel
The bond manager says sky-high values, soaring interest rates and other costs of homeownership dampen prospects for future appreciation.
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.
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