Peter Thiel warns of ‘catastrophe’ in US real estate — but sees ‘windfall’ for 1 class of boomers.
The Free Press/YouTube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. As a co-founder of PayPal and the first outside investor in Facebook, Peter Thiel is widely recognized for his expertise in the tech world. But lately, the billionaire venture capitalist has been sounding the alarm on an entirely different sector: real estate. During an interview with The Free Press, Thiel drew upon the insights of 19th-century economist Henry George to underscore the gravity of America’s real estate crisis. “The basic Georgist...