“The commercial real estate market is tumbling toward a crash that could be as devastating as the 2008-09 crisis. The party’s over, unfortunately. The office market’s going to be destroyed, hotels are going to be destroyed — it’s going to be ugly.” Patrick Carroll, founder and CEO and Manager of 33,000 multi-family housing units.
Three ways to short real estate, studying now.
ProShares Short Real Estate (NYSE:REK)
ONE YEAR CHART
ProShares UltraShort Real Estate (NYSE:SRS)
ONE YEAR CHART
Direxion Daily Real Estate Bear 3X Shares (NYSE:DRV)
ONE YEAR CHART
Patrick Carroll on CNBC
Patrick Carroll in Miami Restaurant
RELATED
Billionaire Investor Howard Marks Sounds the Alarm on Commercial Real Estate – Warning of a Wave of Mortgage Defaults