One real estate investor is bearing witness to the start of the industry’s “greatest” correction he’s ever seen.
- Private equity fund manager Grant Cardone told FOX & Friends: “It’s [real estate correction] going to be a great opportunity for individuals, regular, everyday people to actually grab trophy real estate from institutions. This has never happened in the country.”
“It’s unaffordable for people to own a home today,” Cardone stressed while blaming the Federal Reserve for “single-handedly” killing the housing market with interest rate hikes.