Sunday, September 9, 2012

Real Estate in Arizona ,Georgia, Nevada is relatively inexpensive on an international scale

Marc Faber : ...I want to clarify one point,  I am bearish about the financial system and I think eventually it will collapse, but if you think it through, what is better to own in a systemic crisis, cash with the banks, treasury bills, or real estate in the u.s., or equities? I think that real estate in the u.s., I'm not talking about west 15 where Sandy just sold his condo 88 million. I'm talking about real estate in Arizona in  Georgia, Nevada, that real estate is relatively inexpensive on an international scale. you have a house, eventually you keep that house unless you borrow too much money, but that is the problem.   - in CNBC The Call 06 Sept 2012
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Labels:Marc Faber Dr. Doom

Dr. Marc Faber Tomorrow's Gold







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.