Marc Faber: It's Time to Buy US Real Estate, but Choose Carefully

[theroilsoil]

Definitely a brilliant man, but sending more people to slaughter into the realestate market?

No way . . . there are more and more unemployed who have been out of work for more than 6-months. These people, along with the 1-million+ who have run out of benefits will be on the streets!

ALL realestate goes into the toilet here in the US . . . rentals, houses, business shops . . . you name it.

[gatersaw]

@theroilsoil You can't build a house for what you can buy a foreclosure. This is a buying opportunity. We are all looking to exploit the market's inefficiency. Don't worry; if you don't buy the properties someone else will. Rates are under 5% and you can't build it for what you can pick it up off the market. This is a no brainer because rates will not stay this low for more than a year thus your borrowing costs go up substantially. Prices will remain within +/-10% for years.

[gatersaw]

@theroilsoil So the question is do you want to rent or own in this environment?

[udical]

@theroilsoil yep and everyone think like you, that means that it s wonderful time to buy

[aahalim75]

7/7/11

[bammbamm12]

Link doesn't work. Date of interview not provided. What a pro.