Real estate bubble is about to pop, invest here for safety – Scott Rothbort
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.
Rothbort noted that some of the factors behind the real estate boom in the past decade are now deteriorating.
“There’s a few reasons why we’ve had a boom in real estate. One is low interest rates, the other…