Noted economist Robert Shiller, well-known for his analysis of the housing market, told CNBC on Tuesday that he thinks stocks are a better investment than real estate.
Asked to compared the two, he said in a "Squawk Box" interview, "If it's just an investment [not for living], I would say the stock market."
"Stocks for the long run—the two century-long history—show a lot of amazingly good performance for stocks," he added. "Maybe it won't be that good in the future, but I bet it's better than housing."
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