"If one has no vanity in this life of ours, there is no sufficent reason
for living." Leo Tolstoy

Thursday, September 15, 2011

Alex Sapir: Forget Wall Street, these kids chose real estate

Ten years ago, New York City real estate was a business dominated by older, mature women selling apartments and even more mature men building them.

Now, it's not uncommon for twenty something real estate agents to rake in more than $1 million a year or 26-year-old developers to lead teams of hundreds building skyscrapers in New York's top neighborhoods. Kids straight out of college are choosing real estate over investment banking as a career.

"I remember when I was the young one," says Donald Trump, the world's best-known developer, who built the Grand Hyatt Hotel on top of Grand Central Station when he was just 30. "Young real estate professionals bring flair, style, hard work and enthusiasm to the industry. My kids just took to it. They really understand the international game."-DAILY NEWS STAFF WRITER

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