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When the Prophet Says Buy – BUY!

John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming Crash in the Housing Market correctly warning us that a real estate bubble was forming. Then in January 2006, he called the absolute peak of home prices in the US by releasing a new book, Sell Now! The End of the Housing Bubble.

Mr. Talbott, the person who accurately predicted the housing bubble and its bust, now has a new prediction – IT IS THE TIME TO BUY A HOME! In a recent article, Homes – Buy Now!, Talbott simply explains:

“I have been waiting for more than five years to offer this advice. It is now time in most cities across the country to buy a new home or refinance your existing home with thirty-year fixed rate mortgage debt.”

He goes on to explain that his conclusion is based on four different metrics, all of which favor buying today:

  • Home Prices Relative to Peak Prices During the Bubble
  • Home Prices Relative to Construction Costs or Replacement Costs
  • Home Prices Relative to Incomes and Rents
  • Home Prices in Real Terms, Not US Dollar Terms

Bottom Line

If the person who called the real estate bubble and its bust says now is the time to buy, we believe it is time to buy.


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35 replies
  1. Gee
    Gee says:

    Steve does it again. Thanks so much for the link to John R Talbott’s blog post …..”Homes – Buy Now!”  Every REALTOR in America should be sharing this with everyone in their database and have copies to give to every prospect they encounter.

    Reply
  2. Ward
    Ward says:

    I don’t know whether it’s just me or if perhaps everyone else
    experiencing problems with your blog. It appears as though some of the written text on your content are running
    off the screen. Can somebody else please provide feedback and let
    me know if this is happening to them as well?
    This might be a issue with my internet browser because I’ve had this happen before.
    Thanks

    Reply

Trackbacks & Pingbacks

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  3. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  4. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  5. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  6. […] In the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  7. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  8. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  9. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  10. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  11. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  12. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  13. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  14. […] the last 120 days, many experts have said that buying now makes sense. This list includes: John Talbott, Christopher Thornberg and Warren […]

  15. […] When the Prophet Says Buy – BUY! January 31, 2012 By Shawna Matthews Leave a Comment John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming via kcmblog.com […]

  16. […] Posted January 31, 2012 by mukhomes in Uncategorized. Leave a Comment John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming via kcmblog.com […]

  17. […] When the Prophet Says Buy – BUY! John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming via kcmblog.com […]

  18. […] real estate market crash in 2006 and has been bullish in regards to real estate for 5 years.  Click here to read more. Categories : […]

  19. […] our friends at the KCM Blog Two weeks ago, we posted When the Prophet Says Buy – BUY! In that post, we explained that a major bear on housing, John R. Talbott, is now bullish on the […]

  20. […] weeks ago, we posted When the Prophet Says Buy – BUY! In that post, we explained that a major bear on housing, John R. Talbott, is now bullish on the […]

  21. […] Bear Turns Bullish on Real Estate Two weeks ago, we posted When the Prophet Says Buy – BUY! In that post, we explained that a major bear on housing, John R. Talbott, is now bullish on the […]

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  23. […] weeks ago, KCMBlog posted When the Prophet Says Buy – BUY! In that post, we explained that a major bear on housing, John R. Talbott, is now bullish on the […]

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  25. […] on The KCM Blog earlier this month, an article of theirs solicited the advice of former Goldman Sachs investment […]

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  28. […] a home?  With affordability at record highs and interest rates at record lows, this is indeed a great time for many people to become […]

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  30. […] Content provided by my friends at KCM. Read the original article. […]

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