US house prices will fall – Elon Musk ...News

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US house prices will fall – Elon Musk
source : Russia Today ( News ) () 88
The tech billionaire has warned of a massive meltdown in the country’s real estate sector The US commercial real estate sector is under intense pressure, which is soon likely to spread to the residential property market, billionaire Tesla, SpaceX and Twitter owner Elon Musk said on Monday. “Commercial real estate is melting down fast. Home values next,” Musk tweeted in response to a comment by Craft Ventures founder David Sacks, who said that much of the country’s commercial real estate debt was due to mature soon. Commercial real estate has been struggling due to bank failures, tighter lending regulations, and ri

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