Big Short billionaire investor Kyle Bass reveals the three states where he's ... trends now
Kyle Bass, the billionaire investor who once took on the housing market, has revealed in an interview the three states where he is snatching up real estate.
Texas, Florida, and Tennessee are the ideal places to invest in right now, Bass told Clay Fink on The Investor's Podcast.
Bass' decision to short the real estate market in 2008 raised eyebrows, with many other investors deeply skeptical of his strategy.
Then the bubble burst, and Bass was vindicated, and his story was chronicled in Michael Lewis' bestselling book The Big Short, which was later adapted into a film of the same name.
Now, Kyle Bass is regarded as a market soothsayer, with many investors hanging on his every word and eager to follow his, at times surprising, advice.
Kyle Bass, pictured above, said he is investing in Texas, Florida, and Tennessee
Bass said that the northeast and west coast are 'very high cost, very high tax' regions
During the chat, Bass told Fink that the west coast and the northeast are 'very high cost, very high tax, one could say mismanaged jurisdictions.'
As a result of these adverse business conditions, workers and companies are moving to 'pro-business, lower cost, lower or no tax jurisdictions,' he said.
'You have to move real companies where there's affordability, where there's expansive activity, where there are
