Kevin O’Leary In a shocking prediction, Mr. Wonderful himself stated, “Real estate is dead in 2025.”
Considering that it comes from a man who made a fortune in real estate, this is a radical change in approach to investing.
Why is real estate dying, then?
And instead, where should smart money go?
Let’s have a look at it.
The Reasons Behind the Declining of Real Estate
According to Kevin O’Leary
1. Among the silent killers are interest rates
Mortgage rates have increased more than ever before due to the Fed’s relentless rate hikes.
O’Leary: The era of three percent loans is over. The flow of cash is being crushed.
2. The Revolution in Remote Work
Workplaces? Not in use. Rentals in cities? Too expensive.
Why pay high rent when your employees are from all over the world? The O’Leary
3. Excessive taxes and regulations
Landlords are facing pressure from rising property taxes and policies that…