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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