Jeff Greene made $800 million betting against the housing bubble. He warned US property.

Jeff Greene, a billionaire in real estate, has issued a warning about commercial real estate.

[{"selector":"#anim-6cefecb8-fdda-4d4a-8651-c84da613340b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab37db9a-6044-4540-a48c-a5a670f8e453","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

He claimed that if a recession occurred and some white-collar employment were lost to AI, offices would be severely impacted.

[{"selector":"#anim-fff04f57-ae39-4e7c-9fe0-38605d26cb67","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-231e094c-4fd4-44a0-9ca0-79971c496e50","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

By foreseeing and betting against the mid-2000s housing bubble, Greene made nearly $800 million.

[{"selector":"#anim-6b724ea5-5db4-4cfd-95ae-629866359912","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e29d01f-bb8c-4191-b895-f303681f77fe","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

A real estate magnate who made a killing by shorting the housing bubble ,

[{"selector":"#anim-8076fbc0-6971-402a-8085-b52289bbac78","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8bd0240-39f5-431b-829e-546053f69c9b","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

in the middle of the 2000s is preparing for yet another severe downfall.

[{"selector":"#anim-9b44516d-533a-40f3-be0d-caf03db90dc9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fbc7bca-c15c-418e-ab4d-759ce4032bbf","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

In a Friday Fox Business interview, Jeff Greene stated: "The entire real estate industry is about to enter a very frightening time."

[{"selector":"#anim-e64687b8-e81e-4122-b456-8a07a358b502","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-baac91b2-6d5f-4c2a-9b7b-3232593fe93c","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-bc99e826-c28e-41fc-a46e-5fe4af750180","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-222c72ac-72c3-46e7-a3b2-3c9843032715","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] He predicted that many companies and individuals would struggle to get finance as banks stopped making loans,

causing them to fall behind on their rent and mortgage payments.

[{"selector":"#anim-ca5fd70e-ab24-483e-a2c9-7dad7a53ff91","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-426b5e3f-8664-4bd5-8dd0-b7c270b8a876","keyframes":{"transform":["translate3d(-120%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]