Part 7/11:

Musk shares a personal anecdote about attempting to acquire commercial real estate at near-zero interest rates. Despite the property’s perfect fit and renovation already completed, high down payment requirements and variable interest rates in Canada made the deal prohibitively risky. Banks explicitly warned him that if interest rates increased or property values declined, he could be forced to make large lump-sum payments at short notice. Ultimately, Musk decided to pass on the deal, citing the risks associated with rising interest rates and declining property values.