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Investor who predicted the 2008 housing crash reveals the top 3 US states to keep an eye on

Renowned investor Maverick Kyle Bass has recently revealed his latest ventures in the real estate market, shedding light on where savvy investors are directing their capital.

Known for his bold bet against the housing market in 2008, Bass is once again sharing his insights with Wall Street. In a conversation with Clay Fink on The Investor’s Podcast, Bass disclosed his top picks for real estate investments: Texas, Florida, and Tennessee.

Bass emphasized the importance of relocating businesses to areas with affordability, robust activity, and ample natural resources. His endorsement of these states serves as a clear signal to investors seeking profitable opportunities in the property market.

Nearly two decades ago, Bass’s decision to short the real estate market garnered skepticism from his peers. However, when the housing bubble inevitably burst, he emerged victorious, validating his unconventional approach. His story was immortalized in Michael Lewis’ bestselling book “The Big Short,” later adapted into a blockbuster film.

During the interview, Bass expressed candid views on the economic prospects of different US regions. He championed “pro-business, lower-cost, lower or no tax jurisdictions” like Texas, Florida, and Tennessee as prime destinations for investment.

Highlighting the importance of anticipating migration patterns, Bass stressed the need to capitalize on the movement of people and businesses. “I want to be leveraged to that real estate. And I want to use a prudent amount of leverage,” he affirmed.

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