While commercial real estate has its problems, the sector isn’t headed for a crash, says property icon Donald Trump.
“Commercial real estate will be severe, but nothing like the housing (crisis) that almost imploded our whole economy,” he says.
The industry was actually in worse shape during the last downturn of the early 1990s, Trump says.
“We don’t have that much supply compared to 1990. The commercial real estate problem is largely a question of financing it.” (more)
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