Starwood Capital Group is one of the biggest and best-known private equity groups in the world. It was founded in 1991 by self-made billionaire Barry Sternlicht, and today they have about $120 billion of assets under management. Barry Sternlicht is still to this day the CEO and Chairman of the company, and his track record puts him among the very best investors in the world, especially in the real estate sector. So when he talks, we listen. Recently, he went on CNBC to share his thoughts on the current market conditions.