- Billionaire investor Jeff Greene expects a painful downturn and a potential slump in house prices.
- The real-estate tycoon says the Fed’s rate hikes will deal heavy blows to several industries.
- Greene expects an economic slump, AI, and remote working to weigh on commercial real estate.
Prepare for the US economy to slump and house prices to slide, Jeff Greene has warned.
The real-estate billionaire, who made a fortune betting against the mid-2000s housing bubble, spoke to Insider about his current outlook on Tuesday. He predicted painful fallout from governments and central banks spending trillions of dollars during and after the pandemic to prop up their economies.
“We’ve just taken the rollercoaster so high,” Greene said, comparing the fiscal and monetary binge to climbing to the top of Space Mountain at Walt Disney World.
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