Saturday, February 11, 2012

Marc Faber : I like Real Estate in the U.S.

Marc Faber : "I like Real Estate in the U.S. , I was in Phoenix the other day and then the taxi driver took me to the hotel a nice hotel Fairmont and he told me you know the person I just drove before you , I drove him to a 5 bedroom house and he told me he just bought it for $120 000 , where in the world can you buy a 5 bedroom house for $120 000 ?! I would buy it live in one bedroom and rent out four bedrooms to concubines "
"let's put it this way , if you take a very bearish view of the world then at least if you own your property you still own it , if you paid for cash and then you get the cash flow as I suggested , and if you are very bullish about the world it means that the demand for real estate will go up , I was 3 days ago in Miami , 3 years ago I counted 47 cranes building high rise , this time around I counted one crane destroying a building , so the market has cleared actually in Miami , a lot of money has come from Latin America from Russia because if you want to open a bank account somewhere there are so many questions but as foreigner you can go and buy a condo , no questions asked ..... " - in Fox Business News
Click here to watch the full Interview>>>>>>>
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Dr. Marc Faber Tomorrow's Gold





Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.