- Robert Larsen April 16, 2010
After making a killing by accurately predicting the real estate 
collapse, Bill Gross, Money Manager at Pimco, now sees real estate an investment opportunity.
According to CNBC.com, Bill Gross told the TV channel this morning,
Both commercial and residential real estate are reaching a bottoming point and possibly even prepared to turn higher, said Gross, CIO of Pacific Investment Management Co., or PIMCO, the world’s largest bond fund. With stocks likely to return 5 to 6 percent and bonds 3 to 4 percent, he said, investors would be wise to start looking at real estate opportunities. “Ultimately the riskier assets will be the less the risky assets,” he said. “I wouldn’t suggest moving into those particular sectors at the moment but ultimately risk and reward go together.” Lower debt and better lending rates will make real estate attractive, he added.
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