Berkshire's Charlie Munger issues warning for US commercial property market

Munger said, "We’ve had some disappointment in banks, too."

"It’s not that damned easy to run a bank intelligently, there are a lot of temptations to do the wrong thing," he continued. "A lot of real estate isn’t so good anymore, and we have a lot of troubled office buildings, a lot of troubled shopping centers. There’s a lot of agony out there." Warren Buffett , CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019."Every bank in the country is way tighter on real estate loans today than they were six months ago," he explained. "They all seem to be too much trouble."

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Charlie Munger reportedly warns of trouble for the U.S. commercial property marketCharlie Munger believes there is trouble ahead for the U.S. commercial property market.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Charlie Munger warns of bad loans in the US commercial property marketCharlie Munger warns of stress in the US commercial property market with banks carrying a lot of bad loans as prices slump
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »