Billionaire investor Carl Icahn instructed CNBC on Friday he expects the U.S. industrial actual property market will crumble, very like the broader housing market collapse of 2008.

"You are going to have this blow up, too, and no person's even it," Icahn stated on "Halftime Report."

Icahn stated he's shorting the industrial mortgage bond market and it is his "largest place by far." 

Brief promoting is a wager in opposition to shares or bonds, with shorts borrowing shares from an funding financial institution and promoting them in hopes that the asset will lose worth. If it does drop, shorts purchase the shares again at a less expensive value and return them to the financial institution, turning a revenue on the distinction.

Icahn's brief is restricted to credit score default swaps, or "CDS," that are belongings that again mortgages of company places of work and purchasing malls. Icahn stated the housing market bubble of 2008 has "occurred another time" on account of loans made in 2012 to purchasing malls and extra.

"You've gotten a bunch of mortgages ... so the banks went out and...