The chatter is rising, and it has gone from whispers to shouting; commercial real estate (and the banking system as a whole) may be in big trouble. When Elon Musk and Berkshire Hathaway Vice Chair Charlie Munger come out with warnings, many across Wall Street pay attention. Musk feels that the biggest tail risk now is a commercial real estate debacle that may not be all that far down the road.
Musk said this about the potential for a meltdown…
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