Wednesday, 10 December 2014

Phoenix Housing Market, Taxi Drivers & Concubines




I was in Phoenix the other day. Then, the taxi driver took me to the hotel, nice hotel, in Fairmont. And then he told me, "the person that I just drove before you—I drove him to a five-bedroom house". He told me, "he just bought it for $120,000".



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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