Sam Zell Famous Quotes
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If you could find a major city that actually had a functioning, good public school system, you should buy all the real estate.
I can't imagine anything being more disastrous to our country than if the dollar lost its reserve-currency status.
My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country ... you're already seeing things in the markets that are suggesting that confidence in the dollar is waning ... I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.
Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.
The question is not do you take money out of stocks and put it into real estate, or the reverse. There's so much money out there looking for a home. I don't think it's either/or.
