In this episode of Influencers, Andy is joined by The Corcoran Group Founder & ‘Shark Tank’ Star, Barbara Corcoran, as they discuss the country’s hottest real estate markets, Barbara’s ‘Shark Tank’ investing strategy, and why she thinks the metaverse could be ‘the best thing that ever happened to retail’.
– In this episode of “Influencers,” Corcoran Group founder, Barbara Corcoran.
BARBARA CORCORAN: Well, I see the business as an extension of the person who runs it, short and simple. I see it on “Shark Tank”– so much money invested in things that make absolutely no sense. I get so much satisfaction out of helping my businesses that I’ve invested in, not because I’m making money, although that helps a lot, I find, after a few years. [LAUGHS] But I love seeing someone with a dream and thinking I’m part of getting to that dream.
ANDY SERWER: Hello, everyone, and welcome to “Influencers.” I’m Andy Serwer, and welcome to our guest, Barbara Corcoran, founder of the Corcoran Group, host of the podcast “Unusual Business” and “Shark,” an executive producer on ABC’s “Shark Tank.” Barbara, welcome. Great to see you.
BARBARA CORCORAN: Pleasure to be here with you. Thanks.
ANDY SERWER: So want to ask you a little bit about this economic environment. Inflation seems to be roaring back, and I’m wondering if people should really take this into account right now, an individual or couple who are looking to make a big purchase, or should you try to time it and wait it out?
BARBARA CORCORAN: You should move faster, because houses are only getting more expensive. It’s harder to get your hands on something that you even find acceptable to live with, never mind something you’ve been dreaming about. Interest rates are still low, although, they’ve been creeping up, and they have promised to continue to go up. And so there’s nothing to be gained by waiting whatsoever, absolutely nothing. So if you weren’t smart enough to get into the market two years ago, a year ago, the idea right now is, get into it as fast as you can, if you really want a home.
And beyond the home front, I think it’s probably the best market I have ever seen for real estate investing. I think the return on investment is phenomenal and has been in so many markets, in so many cities …….