A potent combination of sky-high bonuses, accelerating intergenerational transfers of wealth, low-interest rates, and the specter of inflation “makes investing in a concrete, fixed asset like real estate attractive to many as they balance their portfolios,” Nelson says.
In 2021, at least 40 residential properties sold for more than $50 million in the U.S., according to data compiled by the appraiser Miller Samuel.
In his new autobiography, Steve Madden bares all.
