News

December 8, 2020

Fabian Pfeffer quoted in Time Magazine

For a large number of families, home ownership is a substantial part of household wealth. An article in Time Magazine discusses the widening housing gap, both before and during the pandemic. “If one generation has wealth, it becomes easier for the next generation to build their own wealth,” says Fabian Pfeffer. “If you are from a wealthy family, you are more likely to get a college degree and have other avenues for building wealth early in your life, such as home ownership. And when you are older, inheriting family wealth is just the cherry on top.”