"US Faces 'Greatest Real Estate Correction' in Investor's Lifetime"

Real estate investor Grant Cardone warns that the US is entering the "greatest real estate correction" in his lifetime, presenting a unique opportunity for individuals to acquire trophy real estate from institutions. He blames the Federal Reserve for high interest rates and the resulting unaffordability of homeownership. Cardone urges Fed Chairman Jerome Powell to step aside and let the market correct itself by lowering interest rates. The current housing market is plagued by low inventory, rising home prices, and a high rent-to-income ratio, which is pushing more people into renting.