One real estate investor is bearing witness to the start of the industry’s “greatest” correction he’s ever seen.
“I just want to say that we’re entering the greatest real estate correction in my lifetime,” private equity fund manager Grant Cardone told “FOX & Friends” on Thursday while discussing the state of the industry.
“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,” Cardone said.
“It’s going to be at epic levels,” he expressed.