He does not recommend buying real estate builder stocks however, as those have increased a lot recently and are likely to correct.
Tuesday, April 10, 2012
Marc Faber: Buy Real Estate To Protect Yourself Against Wealth Destruction
Marc Faber is interviewed on Yahoo Finance on the 9th of April 2012 where he explains that home prices in the south of the U.S., in Arizona, Georgia, Nevada and so fourth, are relatively inexpensive compared to other asset prices and recommend people to buy real estate to protect themselves - or as he puts it: "lose the least" - against massive wealth destruction when that happens. He further explains that he does not know when the collapse will happen, maybe when the Dow Jones is at 20,000, 100 millions or 100 billions depending on how much money Mr. Bernanke is ready to print.
He does not recommend buying real estate builder stocks however, as those have increased a lot recently and are likely to correct.
He does not recommend buying real estate builder stocks however, as those have increased a lot recently and are likely to correct.
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wealth destruction when that happens. He further explains that he does not know when the collapse will happen, maybe when the Dow Jones is at millions or 100 billions depending on how much money Mr. Bernanke is ready to print. mls listings vancouver bc
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