Real Estate

    Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

    Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

    “Capitalism is not working for a lot of people in New York City. It’s not working for young people.”

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    By Greg Ryan and Bloomberg
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    Corcoran Group CEO says Gen Z and millionaires alike are flocking back to the city—but it’s because of job uncertainty, not return-to-office mandates
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    The U.S. housing market is ‘starved’ for affordability: Boomers edge millennials and Gen Z out of homeownership in record numbers
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    A risky mortgage instrument that helped spark the Global Financial Crisis is on the rise again. It’s a gamble on the Fed’s future direction

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