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Replying to Avatar Byzantine

40% of the worlds wealth is in real estate and right now an implosion is quietly happening.

contact at Real Estate’s Annual Owners Conference in cayman islands --> everyone is panicking and looking to unload their illiquid private and public reits

all those originally with business models that required being able to roll their debts at lower rates are insolvent

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Nunya Bidness 2y ago

I keep thinking summer is when we see the housing side (SFH) completely unwind but prices seem pretty sticky.

Thoughts?

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cuban 2y ago

Curious to hear on this too

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