Collection: Charlie Munger - #147 'Future of Commercial Real Estate'



[Transcript]

JULIA LA ROCHE 00:00

Brian Chen from Los Angeles ask, with all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like?


CHARLIE MUNGER 00:17

Real estate has always been a difficult field. And some types of real estate in recent years has been particularly difficult. I think office buildings are now in some trouble and, of course, commercial real estate rented to stores has been in a lot of trouble for a long time. Apartments have come through better. But, I don’t think I’ve got a lot to contribute. I own some apartment houses, so I like that investment, provided you’ve got a perfect management which is hard to get.


(Source: https://youtu.be/Pp4CvjNw-9Y)

 

[YAPSS Takeaway]