Berkshire’s Charlie Munger Issues Warning For US Commercial Property Market

Berkshire Hathaway Vice-Chair Charlie Munger said Monday that a storm is brewing in the U.S. commercial property market.
As property prices fall, Munger said American banks are “full of bad loans.”
“It’s not nearly as bad as it was in 2008,” he told the Financial Times. “But trouble happens to banking just like trouble happens everywhere else.”

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