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
click here to watch the full interview>>>>>
