GARY SHILLING: Renters Will Dominate The Housing Market For Another 4 To 5 Years

GARY SHILLING: Renters Will Dominate The Housing Market For Another 4 To 5 Years

WWW.BUSINESSINSIDER.COM - Why buy a house when you can rent?This is the mentality of many Americans.  Unfortunately, this isn't helping home prices, which continue look for a bottom.Low mortgage rates and federal assistance are not getting Americans to buy homes in a material way either, writes economist Gary Shilling in a piece for Bloomberg.And he doesn't think things will improve anytime soon.  From his piece:The…

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