John R. Talbott, previously a Goldman Sachs investment banker who predicted the housing market collapse 2003, declared that it is now time to buy. He notes that "it is always better to buy at a discount rather than at a historical peak, and these seem like awfully big discounts. And by my calculations, in most cities across the country, real prices adjusted for inflation have just about come into line with where prices were in 1997, before all this crazy bank lending started, so there should be little additional downside risk by buying today." Read the full article here at http://www.huffingtonpost.com/john-r-talbott/housing-market_b_1161186.html.
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