CNBCâ€™s Squawk Box recently interviewed Dr. Marc Faber, who became famous for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis (among other calls), and he gave the following investment advice:
"Well, I think, in my report I also pointed out there is one asset class that is relatively depressed, and these are properties in the South of the United States. In Georgia, in Arizona, in Florida- I think there, property values will not collapse much more, and stabilize. And so I think to own some land and some property, not necessarily in the financial centers but in the secondary cities, is a desirable investment relatively speaking. And I think people should own some gold, and I think people should own some equities, because before the collapse will happen with Mr. Bernanke at the Fed, theyâ€™re going to print money- and print, and print, and print. And so what you can get is a bad economy, but rising equity prices..."
Owner May Carry!!
Highly desirable culdesac lot with improvements in Arizona's fastest growing county! Great views. Close to Paradise Lake. Zoned for single family home. Owner may carry with 25% down. Call for additional details.
Highly desirable lot with improvements in Arizona's fastest growing county! Great views. Close to the golf course. Zoned for single family home. Owner may carry with 25% down. Call for additional details.
Listing courtesy of Solutions Real Estate