- Billionaire investor Carl Icahn told CNBC he expects the U.S. commercial real estate market will crumble.
- He said he is shorting the commercial mortgage bond market, and it’s his “biggest position by far.”
- He said the housing market bubble of 2008 has “happened all over again.”
I guess wework never really stood a chance after all. Demand for co-working space is going to plummet.