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Time to make money with two outs Charles Payne this hour he's helping build a profit literally thousands of stock residential construction and for us this afternoon -- Whole brother.
Guys want to -- first are doing these segments it's one of the first -- today have you guys back to like April 24 it's up 38% since then and I still think people complainant.
Here's a couple reasons why you know we can talk about this fiscal cliff stuff in the new investor realities if you dividends going to be taxed at 43% capital gains -- 28%.
A lot of money and that might have wanted to -- say a utility stock -- a lot of this kind of thinking.
It's going to be you know what -- what's another safe alternative and you know even though we know the aftermath of the housing -- -- implosion left a lot of sour taste a lot of people's mouths I think that may be going away and people might be feeling pretty good about this.
And of course this is a luxury end.
This the high end I like -- management's going to moving did move the moving away from single family to high rises.
-- what they call it's qualify multifamily.
These are where the big growth areas are going to be so I think management is on the -- Smart thing now the becoming aggressive again they're they've been increasing their lots in the -- starting to do pretty well.
Charles is it more macro housing market or is it technicals on the stock that you like I -- -- more macro housing even though it's made a huge move in this is not -- cheap as the -- 1000 socket is the as they would say.
The only brand name in the luxury segment and I think this is segment that should continue to do pretty well some really interesting moves during the downturn they have a huge phenomenal building going -- right here in New York I also think it's a really from a macro level very interesting time for real -- because.
Once again god forbid you make any money Washington.
Biggest way that you exactly you want to invest -- assets for at least the next four years that you're not gonna realize that can maybe appreciate.
But at least you can sort of put money -- that in the near term won't be and how they take when a mortgage interest deduction -- another study that's.
So expensive I don't know it's right exact probably -- -- Exactly I am and an average house is like almost 600 grand here's another thing Ben Bernanke told us last week break these rates and rates going down here for at least three years may be longer so.
Their goal the Fed's goal is to pump up.
Assets guard assets in the stock market they don't care about inflation that's a risk they'll take -- in the meantime you know what decide it's been a big move but it's still has room to -- -- -- They're fat cats are -- I think -- up.
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