Source: Fortune
Summary
The Corcoran Group CEO Pamela Liebman says that Gen Z and young millennials’ struggles to get onto the property market are no more extraordinary than those faced by other generations. Liebman has worked in real estate for 40 years and has witnessed major crashes and market shifts. She notes that interest rates are coming down, which will trigger a shift in the property market, but it won’t necessarily make getting on the property ladder any easier for young people. Liebman advises young people to stop spending money on non-essential things and to consider shared apartments and dinner clubs as ways to save money.
Our Reading
The numbers tell one story. Pamela Liebman, CEO of The Corcoran Group, says that Gen Z’s struggles to get onto the property market are no more extraordinary than those faced by other generations. Liebman has witnessed major crashes and market shifts in her 40 years in real estate. Interest rates are coming down, but it won’t necessarily make getting on the property ladder any easier for young people. Liebman advises young people to stop spending money on non-essential things and to consider shared apartments and dinner clubs as ways to save money. The message is clear: the property market is tough, but it’s always been tough.
Author: Evan Null
