Real Estate King, Barrack, Cashing Out

Tom Barrack, arguably the world's greatest real estate investor is selling off his U.S. real estate holdings as prices drive the market to nosebleed levels, reports Fortune Magazine. If Tom Barrack is nervous, maybe you should be, too.

Barrack's, who runs a $25 billion portfolio of trophy real estate assets, view of the U.S. market couldn't be clearer: "It's a great time to sell, and a terrible time to buy." "There's too much money chasing too few good deals, with too much debt and too few brains," said Barrick.

What should you think of Barrack's view of the future? Donald Trump, had this to say about his friends point of view..."Tom has an amazing vision of the future, an ability to see what's going to happen that no one else can match."

If Barrick is right about the real estate bubble, the amateurs will certainly be trampled, and the pro's still on the field, could go down with them.