BILL MILLER: Here's Why Jeff Gundlach Is Wrong About Housing

Bond manager Jeff Gundlach is famously bearish on housing these days. He recently argued in favor of shorting the homebuilders: [Gundlach] said that the bulls use affordability for their argument. However, Gundlach believes that affordability is "bleak."  Gundlach said that young people were scared by the housing crisis, so they're not buying homes. Instead, they're renting because that's much more appealing.  On BloombergTV this morning, investor Bill Miller was asked about Gundlach's call. F...