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Fortune
Fortune
Alena Botros

Real estate mogul and Shark Tank star Barbara Corcoran says 20-something homebuyers should ‘hit up their parents’ for help

(Credit: Christopher Willard / Contributor—Getty Images)

Recently appearing as a guest on the Chicks in the Office podcast, Barbara Corcoran tells both hosts (two girls in their 20s, who say they’re currently renting in New York) that the best thing anyone in their 20s can do is to buy as fast as they can. Renting is a “no win game,” Corcoran says.

“I have advised more people in their 20s to hit up their parents,” Corcoran tells the podcast’s hosts. “There’s no shame in that. Nobody buys under 40 in New York without the help of their family. You should think about that, no one, even investment bankers have to come up with a lot of cash to get that fancy Park Avenue apartment.” 

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