Grant Cardone
👤 SpeakerAppearances Over Time
Podcast Appearances
because the Bitcoin would be liquid.
Right now, you just have a stack of real estate that's not liquid.
In fact, that real estate, if it was like these two books, that book's gone.
The top book was the equity.
This was the real estate debt, and this was the equity.
Well, because rates went from three to seven, that equity layer is gone.
So now they're going to go back to the
They're going to go back to the equity.
Let's say the equity was Goldman Sachs.
And they're like, hey, our equity is gone in this deal.
Or let's say Goldman Sachs was the primary portion of this debt.
And then the equity was whoever.
It's gone, dude.
So the builder's like, I can't make any money.
There's no promote.
There's no fees.
There's trillions of dollars in this problem.
Yeah.
Sitting in the market.
So when does it happen?