Doug Kass tells CNBC (video) he sees housing beginning a "multi-year recovery" that could last...

Doug Kass tells CNBC (video) he sees housing beginning a "multi-year recovery" that could last the decade. Kass views major banks as the best way to play the recovery, expecting them to benefit from rising rates as the economy improves. His top pick is Berkshire Hathaway (BRK.A, BRK.B), which he thinks trades at a "30% discount to intrinsic value." He also likes WFC and BAC. (more)

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Comments (4)
  • bbro
    , contributor
    Comments (11216) | Send Message
    Housing bottom...1/24/2012...
    16 Apr 2012, 02:37 PM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
    16 Apr 2012, 02:40 PM Reply Like
  • cash
    , contributor
    Comments (688) | Send Message
    Oh, dang it... I went 3x long housing on 1/24/12... after waiting for 3 years! Why can't I ever seem to catch the exact bottom :)
    16 Apr 2012, 02:45 PM Reply Like
    , contributor
    Comments (10788) | Send Message
    I guess we'll see. Personally I think we've got 15% more to go down. Maybe the banks getting into the rental business will help? Maybe people's personal balance sheets will improve dramatically in the next couple months, and everyone will now be able to buy a house with a conventional mortgage, regardless of the fact that in Feb only 1/3 of people could scrape up a 20% down.
    16 Apr 2012, 05:44 PM Reply Like
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