Contrasting opinions about the housing market – are these guys on the same planet?

Implications: The Editor-In-Chief of U.S. News & World Report is torn between the development business and journalism.  Most often such divided efforts might result in mediocre results in both areas, but in this case Mr. Zuckerman has been outstandingly successful at both endeavors.  So his words to me carry the stamp of wisdom.  In other words, I believe he is right almost all of the time.  In this article, I believe he points to cataclysm as the natural evolution of this market.

Analysis: Mr. Sam Zell also gets it right most of the time and has had a varied career in real estate and retailing and now journalism.  He too bears the stamp of authority through his continuous success.  But he today is pointing to the bottom of the U.S. housing market this spring.   You would think that these guys would see matters the same way since they’ve ridden the economy from nowhere to riches on the same train. Not so.   Who’s right and who’s wrong here?  Well, I favor Mr. Zuckerman in this case.  Cataclysmic is a word Mr. Bob Toll has also used recently to discuss the possibilities.  You can pick either of the Z boys as you wish, but I think your chances are much better if you seek opportunities with care in mind as to Mr. Zuckerman’s words.