The king of real estate's cashing out

[ckramer]

Tom Barrack is selling most of his U.S. portfolio. Maybe you should be nervous too.

Tom Barrack, arguably the world's greatest real estate investor, is methodically selling off his U.S. real estate holdings as prices drive the market to nosebleed levels.

He likens the current real estate market to a game of polo.

"I feel totally safe playing polo on a field full of pros," says the bronzed 58-year old. "But when amateurs are all over the field, someone can get killed. They have more guts than brains. They charge after every ball and don't know when to hold back."

link

[sarcasmo]

1. Maybe he knows China is coming to collect the DEBT.

[jaysunb]

2. I'll bet you're right !

n/t

[kikiek]

3. Between that and Gates buying euros I'm getting nervous.