The changing macroclimate and where HNWIs fit in

Published Date: April 20, 2023

The macro-environment is shifting rapidly. Hear from industry experts about how high-net-worth individuals can adapt to this turbulent landscape in Pacaso's recent webinar.
Hosted by Pacaso co-founder and chairman and former Zillow CEO Spencer Rascoff, the panel features insights from experts in the housing, venture capital, private aviation and employment industries. Guests include Svenja Gudell (Chief Economist of Indeed), Jim Segrave (Founder, Chairman, and CEO of flyExclusive) and Dan Levitan (Co-Founder and Partner of Maveron)The panelists share their thoughts on the current macro environment and provide insights on how high-net-worth individuals are adapting to this rapidly changing landscape. The discussion covered a range of topics including the:
  • Future of AI and its impact on employment and various industries
  • Possibilities of a recession
  • Changing workforce dynamics in a post-pandemic world
  • HNWI buying patterns and trend predictions
  • Importance of investing in experiences
One thing remains clear: During times of economic uncertainty, savvy buyers turn to real estate to park their money. Real estate holds equity. Historical data shows that luxury second homes hold their value and outperform the stock market during most recessions. Pacaso is seeing an increase in demand from second home buyers. In Q1 2023, we saw a 40% increase in funded shares compared to Q4 2022

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