Top

Faber Says Florida Good Investment for Continued Recession

July 22, 2012

NEW YORK – Renowned investor Marc Faber, whose predictions on the economic crisis earned him the nickname “Dr. Doom,” feels that Florida and other states with distressed real estate will be good places to ride out the continuing recession.

Faber, quoted on CNBC this spring, said:

“In Georgia, in Arizona, in Florida their property values will not collapse much more and will stabilize, so I think to own some land and some property, not necessarily in the financial centers but in the secondary cities, these are desirable investments relatively speaking,” Faber said.

You can find the story here.

More Florida Stories of Interest:

Paul Rudolph's Beach Cottages in Sarasot...
OSPREY -- Those interested in beach cott...
Briefs: Abingdon at Tradition Partners w...
Port St. Lucie, FL, August 30, 2008 - A...
Babcock Ranch Nation's First Solar City
PORT CHARLOTTE - Real estate developer K...
Eleven Reasons To Move to Florida
SARASOTA - Yes, the economy stinks. And ...
Retirees Find Florida Affordable Again
We've seen it with our own eyes. The ret...
Bluegreen Manages Sandhurst Hotel, Ft. P...
BOCA RATON - Bluegreen Corporation (NYSE...

Comments

Got something to say?





Bottom