0:22

In a concise commentary drawing on 30 years of market observation, the speaker outlines several key points about the current real‑estate cycle: some geographic markets are expected to soften; operators that are heavily leveraged will inevitably face consequences; certain overheated segments may experience a correction, but a correction should not be conflated with a crash; and the dynamics of a potential office‑sector crash differ fundamentally from those affecting apartment buildings. The overall tone is measured and cautionary, emphasizing nuanced distinctions rather than alarmist predictions.

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