Monday, September 24, 2012

Real Estate : Phoenix vs. New York

Marc Faber : ...The well to do people still make a lot of money their assets have recovered so as an example in 2007 Sandy Weill bought a condo in West 15 and he paid 43 million he sold it three month ago for 88 million , so you can see home prices in Phoenix have collapsed in Atalanta and also nation wide they're down but prestigious trophy property have actually continued to go up in price the same applies to Singapore Hong Kong Tokyo London the trophy properties are strong and the property that is owned by the average median household has been weak until just recently when it started to rebound somewhat - in Capital Account
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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.