Trump's Son-In-Law To Expand Startup Despite Fears That Real Estate Is Overvalued
Donald Trump’s son-in-law is pushing his startup Cadre ahead even while many real estate folk are pulling back as fears mount that the industry has become overvalued.
Jared Kushner co-founded Cadre last year and launched the tech platform in an effort to make investing in real estate as easy as buying stocks. The platform allows the wealthy to easily invest money in buildings using technology, giving investors more control of the properties they select, as opposed to more traditional avenues like throwing money into a fund and giving up all control, Bloomberg reports.
Despite Cadre’s unique take on real estate investment, the biggest challenge today could be convincing people to keep investing in the US as the industry grows more expensive—prices have nearly doubled since their lows in 2010. [Bloomberg]