Marc Faber: Buy US Housing (in select areas)

[doom&gloom]

He's probably right...

http://www.cnbc.com/id/46425342

The housing market in the south of the United States is among the most attractive asset classes in the world, Marc Faber, the editor of the Gloom Boom & Doom Report, told CNBC on Friday, because while homebuilder stocks had rallied, property prices hadn't moved much.

"If you look at the supply of homes, new construction, and you compare it to immigration into the United States, to the growth of the population, then these (southern) markets are very attractive from a longer term perspective," Faber told Bernie Lo on CNBC’s Straight Talk.Among the markets he pointed to were Atlanta, Phoenix and Miami. Faber said investors could earn a rental yield of 8 percent per year and buy homes in the south of the U.S. at a 40 to 50 percent discount to construction costs.

*snip*

[globaleconomicollaps]

Re: Marc Faber: Buy US Housing (in select areas)

geez what a dick.

[don]

Re: Marc Faber: Buy US Housing (in select areas)

geez what a dick.

I may agree with you but you must illuminate . . . from the Casbah.

(My 22 yr old granddaughter has just got tuned into Burroughs)

[globaleconomicollaps]

Re: Marc Faber: Buy US Housing (in select areas)

watch the video.

[doom&gloom]

Re: Marc Faber: Buy US Housing (in select areas)

geez what a dick.

I think Marc is up there in age enough he can be described as a curmudgeon. He once made a comment on TV about the fact that being bi-sexual makes your chances for a date on Saturday night twice as good or something like that. I think he says these things because he knows he can get away with them. Others would not get invited back.

[D-Mack]

Re: Marc Faber: Buy US Housing (in select areas)

if 14year olds can do it

After Willow Tufano earned $6,000 from antiquing and selling items on Craigslist, the 14-year-old asked her mom if she could invest in half of a short sale in her home state of Florida.
Tufano earned the money from finding free items or deals online or at antique auctions and leftover furniture from foreclosed homes. She re-sells the items or gives them away on the "free" list on Craigslist. She says she could not have thrived in that business without the support of her parents and grandparents, who drive her around to pick up items.


With her saved money, she didn't want to buy or barter for another longboard skate board or Xbox. Instead she set her sights on a three-bedroom short sale of $12,000 that was worth about $100,000 at the peak of the housing market, as reported by NPR's Planet Money.
http://news.yahoo.com/florida-14-old...-abc-news.html

[metalman]

Re: Marc Faber: Buy US Housing (in select areas)

I may agree with you but you must illuminate . . . from the Casbah.

(My 22 yr old granddaughter has just got tuned into Burroughs)

'buy the house, live in one room, rent the rest out to concubines.'

yeh, ha ha. all class.

his cab ride & zipper problem is our genius investment tip. thx, fox.