Barrack Says U.S. Real Estate Market Is Getting ‘Bubblicious’

  • ‘Amateurs are playing’ in property: Colony Capital chairman
  • Billionaire investor advising Trump sees potential shakeout

Tom Barrack, chairman of Colony Capital Inc., speaks during the Republican National Convention in Cleveland, Ohio, on July 21.

Photographer: David Paul Morris/Bloomberg

Real estate investors could be in for a shock if interest rates rise or demand in some markets continues to fall because “amateurs” are plowing money in at high prices, betting on rent increases that may not continue, said Tom Barrack, the billionaire chairman of Colony Capital Inc.

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