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With real estate ending up being a lot more expensive in particular areas, home loan defaults will certainly begin to increase, yet most of the realty downturn will occur in the business end, not for household property, said Scott Rothbort, head of state of LakeView Asset Management.
" There will certainly be a shakeout extra on the business end than there gets on the domestic end," Rothbort told David Lin, anchor for Kitco Information.
0:00 – Real estate boom mores than
4:51 – Business and residential realty
8:57 – Foreign customers of property
13:23 – What to buy today
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Real estate bubble is about to pop, invest here for safety – Scott Rothbort (Pt. 2/2)
Watch part 1 of the interview: https://youtu.be/gmHFgSTxkyU
With housing becoming more unaffordable in certain areas, mortgage defaults will start to rise, but most of the real estate slowdown will happen in the commercial end, not for residential real estate, said Scott Rothbort, president of LakeView Asset Management.
“There will be a shakeout more on the commercial end than there is on the residential end,” Rothbort told David Lin, anchor for Kitco News.
0:00 - Housing boom is over
4:51 - Commercial and residential real estate
8:57 - Foreign buyers of real estate
13:23 - What to invest in right now
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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