This chapter explores the trend of ultra wealthy billionaires investing in residential properties as a diversification play, shifting away from commercial real estate due to the drop in office values. It discusses the reasons behind this shift, such as the lack of affordable housing and rising rents pushing Americans into the rental market. The chapter also highlights the potential impact of these investments on rental costs and the financing methods used by billionaires.
Bloomberg News US Commercial Real Estate Reporter Natalie Wong discusses how the world’s mega-rich are betting on US renters to grow their billions. Ed Price, Principal at Ergo, shares the details of his global risk event From Ukraine with Love. Bloomberg Intelligence Senior Autos Analyst Kevin Tynan and Diana Lee, CEO at Constellation, talk about the impact of the UAW strike on electric vehicles. And we Drive to the Close with Nancy Tengler, Chief Investment Officer at Laffer Tengler Investments.
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