Charlie Munger's Startling Prediction: Real Estate Crash of a Generation

Charlie Munger predicts rough times ahead for the commercial real estate industry in the United States. The investor, who is 99 years old, told the Financial Times that American banks are full of "bad loans" that could be in danger when "bad times come," and housing prices collapse. "It's not nearly as bad as it was in 2008," he said in an interview with the Financial Times. However, "trouble happens to banking just like trouble happens everywhere else."
#realestate #recession2023 #charliemunger