it sounded like he was more upset about his wall street buddies losing their jobs and rich people like him “can’t even get a loan”.
when this RE market first started tanking in middle america, i remember reading the stories in the ny times about the multi million dollar penthouse apartments on park avenue still getting snapped up by the hedge fund titans at bonus time. are these the friends losing their jobs that he is crying about?
quite frankly, i’ve never found his investment advice to be that good.