Elon Musk Predicts a Real Estate Meltdown, Blames Fed’s Interest-Rate Hikes
This week, Elon Musk, the high-profile CEO of Tesla, SpaceX, and now Twitter, set the financial markets abuzz with his warning about potential downturns in the US real estate sector. Musk’s public comments expressed his worry that the Federal Reserve’s recent interest-rate increases may significantly undermine the value of commercial and residential properties. Musk sparked…
