Billionaire real estate mogul Sam Zell is on CNBC’s Squawk Box this morning.
Like many guests, he’s furious at the Obama administration over Dodd-Frank and Obamacare, both of which he regards as economy-killing, uncertainty-creating monstrosities that ought to be repealed.
He considers the odds of repeal to be 0%.
As for commercial real estate, his wheelhouse, he doesn’t see any significant construction for the next 2-3 years, at least.
Update: He continues to slam US policy, saying that it won’t be morning in America (contra Buffett) unless we fix all the things above, and things like the broken immigration system.
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