Los Angeles Business Journal

Marks: U.S. Real Estate Is an Opportunity

Friday, July 13, 2012

Billionaire investor Howard Marks said in an interview on Bloomberg Television that U.S. real estate including single-family homes actually is a smart investment right now because of a general aversion among investors. The chairman of downtown Los Angeles private equity firm Oak Tree Capital Group noted that “excess aversion to an asset is a form of a mistake just as an excess desire to buy causes a bubble.”