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1 day agoReal estate CEO says the luxury industry is all about one thing: a 'return on ego' | Fortune
"In the luxury segment, we always say we're giving you a lot of ROE: A return on ego." That "return on ego," Chaar explained, is what drives buyers toward exclusivity and identity-defining purchases. Whether it's a limited-edition watch, a supercar, or what he calls the "limited edition of real estate"-co-branded luxury developments that partner with prestige brands including Aston Martin, for example-today's affluent consumers are chasing rarity and recognition as much as yield.
Real estate