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Zell: Real Estate Bottom Will Turn Around Economy

Sam Zell was on CNBC for a lengthy interview yesterday afternoon. CNBC posted a recap of the discussion. Here is a key quote and you can watch the entire clip below.

"The key to everything is single-family housing because that's where consumption comes from," Zell said. "If people don't have confidence in their biggest asset, they won't have the confidence to spend."

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