Real estate remains a top wealth allocation choice across all generations, with the emerging affluent identifying it as their primary growth opportunity.
The 2024 Study of Wealthy Americans by Bank of America reports that young wealth holders, digital nomads, and professionals in finance and technology view real estate as a leading asset class, alongside cryptocurrency and private equity.
In contrast, older wealthy high-net-worth individuals prefer real estate in addition
to U.S. and international stocks.
Bank of America reveals that individuals aged 21 to 43, particularly digital nomads and those in finance and tech, view real estate as their best wealth-building opportunity, along with cryptocurrency, private equity, and personal brand income.
For those over 44, the study indicates a strong preference for real estate, which they rank highly alongside U.S. stocks and equities from emerging and international markets.
If you are looking to make a move in the Los Angeles market, a local expert who understands both the market and your home is essential to your success. From old historic, to cutting edge new construction, I specialize in character homes, and my clients benefit from the years of experience I have designing and renovating them.
Connecting you to the world. Whenever I travel, I make a point of stopping at the Sotheby’s office, meeting agents, seeing their listings, and learning about their markets (it’s fun!). Because I now know so many agents all throughout the world*, when you are thinking of a move (or selling a family home, or divesting of an out-of-state property), allow me to harness the power of the Sotheby’s International Realty Global Network for your own personal use. Luxury is an experience, not a price point. Let me show you how good it can be.
*To date I have helped clients in AZ, NH, CO, RI, MA, CT, TX, FL, TN, WA, VA, DC, NYC, San Francisco, France, Italy, Singapore, and London. Younger buyers are prioritizing real estate purchases but may have more diverse family structures and priorities than previous generations. Contact me to learn how I can help prepare your home for sale so it appeals to the emerging affluent.