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Zell Sees Housing Rebound Next Year
Today’s guest post by Living Off Dividends & Passive Income who shares our views on the US economy and real estate markets.
According to Bloomberg.com;
Billionaire Sam Zell said the housing market could start recovering as early as next year and he’s focusing on investing in debt rather than equity.
“We believe that the opportunities, particularly in difficult situations, are in the debt,” said Zell, who made his fortune building the largest publicly traded office and apartment companies in the U.S. “We have been focused on, not only in real estate but in corporate, identifying debt situations where it is trading at a discount.”