“World’s Richest Restaurateur” Sees An Imminent Crash In America’s “Crazy” Real-Estate Market

Thursday, November 13, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/13/2014

When it comes to the fair value of assets, especially cash-flow generating real estate, few are as qualified to opine as the man dubbed “World’s Richest Restaurateur”, Tilman Fertitta, chairman of Landry’s Restaurants which counts among its properties such brand names as Morton’s, Rainforest Cafe, Bubba Gump Shrimp Co., McCormick & Schmick’s, Saltgrass Steak House, Claim Jumper, Chart House, The Oceanaire, Mastro’s Restaurants, Vic & Anthony’s Steakhouse and many more. Which is why his dire warning about the state of the “crazy” US real estate market, which he believes due for an imminent crash, are likely worth keeping in mind as all the panglossian permabulls see nothing but a 4th dead cat rebound ahead. That, and his take on inflation: “There is huge inflation going on right now.” Somehow we doubt he will appear on CNBC any time soon…

The Rest…HERE

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