Grant Cardone warns of ‘biggest real estate correction’ in his lifetime within 12 months — here’s where he identifies ‘tremendous opportunity' for savvy investors

“We’re going to have the biggest real estate correction we've ever had here in the next 12 months,” he said. “It'll be monster, and it will hit Gen Zs in a way that they'll never touch that asset class again.”

The implications of major real estate downturns are profound, as evidenced by the Great Recession in the late 2000s — in which millions of Americans defaulted on their mortgages and lost their homes.

This time, however, Cardone believes the impact will be unprecedented and focused primarily on larger developments rather than single-family homes. And if Cardone’s predictions are true, a certain group of investors are likely to benefit from this correction.

Generational wealth redistribution

For most people, the single-family home is still thought of as the most accessible and familiar real estate asset. Multi-unit properties, by contrast, have typically been beyond the reach of the average American.

However, Cardone believes this dynamic is set to change.

“You have major institutions that are releasing assets back to regular, ordinary, everyday people,” he said. “Institutions are having to let those properties go because their debt is due.”

According to Cardone, this presents a tremendous investment opportunity for regular Americans. He even thinks it could serve as a gateway to substantial opportunities for all age groups, particularly Gen Z.

“This is true generational wealth redistribution,” he argues.

‘I guarantee it’

Cardone is no stranger to making bold statements. After all, the man once called buying a home “the worst investment people can make.”