SEATTLE, WA – Who’s Who in Luxury Real Estate President Meghan Barry was recently called upon for her industry expertise in ‘How do you serve a client who just won the $731.1M Powerball lottery?,’ an article published by Inman.
The piece reflects on recent lottery winners and how often “people who rake in large lottery sums typically turn toward real estate as their first investment — and to real estate agents for advice on how to spend their loot.”
In the article, Meghan says:
Those who lived a more moderate lifestyle often say ‘I don’t really need this much money, maybe I can buy a house for my mother. You often see celebrities and sports stars come into a lot of money and then crash and burn with their finances, but I think real estate’s always a good way to go…You can easily buy a ranch for multiple hundreds of millions of dollars…but that usually encompasses a whole lot of land and a whole lot of responsibility that comes with it. If you’re looking for a home, ease of access and this sort of luxury lifestyle, I think looking at multiple properties is definitely the way to go.
View full article here.