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Investor Who Called Housing Top and Bottom Says It's Time to Sell

  • High prices and other costs make buying now a bad bet, he says
  • Bond manager sold at 2006 peak and bought at 2012 bottom
Mark Kiesel
Mark KieselPhotographer: Christopher Goodney/Bloomberg

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.