'Shark Tank' stars reveal key sector for growth amid stifling interest rates: 'Slow way to get really rich'
‘Shark Tank’ stars Daymond John, Barbara Corcoran and Kevin O’Leary discuss a variety of topics on ‘The Claman Countdown,' including how to build a business in difficult economic times and the current retail demand.
Real estate was a common investment subject raised during a recent panel of "Shark Tank" investors on FOX Business on Tuesday.
With interest and mortgage rates through the roof, stifling the ability for working-class people to purchase homes and businesses to expand, some of the «Sharks» cited a newer, growing sector within real estate many may overlook.
Barbara Corcoran, whose Corcoran Group focuses on real estate, said that when it comes to brick-and-mortar retail, despite the collapse of the 1980s-90s mall era, «people are back» to shopping in-person after going online during the pandemic.
«The shopping malls are in trouble. The big box stores aren't doing so well,» Corcoran said on "The Claman Countdown."
Malls have been in decline for several years, including the 2007 razing of the sprawling Landover Mall outside Washington, D.C., and the reported potential foreclosure of the nation's 12th largest mall, the Palisades Center outside New York City – originally a major draw for weekend shoppers seeking to avoid neighboring New Jersey's Blue Laws that kept other retailers closed.
SHARK TANK STAR WARNS REAL ESTATE DOOM LOOP HAS NOT IMPROVED
«What's the most popular space to find right now? Small retail,» said Corcoran. «And they're acting differently. They're almost like a showroom for what they sell.»
Shark Tank investors Robert Herjavec, Kevin Harrington, Daymond John, Kevin O'Leary and Barbara Corcoran ( Craig Sjodin/Disney General Entertainment Content via Getty Images / Getty Images)
«People love to
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