Money, Wealth & Power—A Daily Look at the Financial World
The chief of American Eagle is once again testing the ultra-luxury market in South Florida, relisting a Miami-area penthouse with an asking price of $34 million. The move puts one of the region’s most high-profile corporate leaders back in the spotlight of a condo scene that has become a global symbol of wealth, status, and…
New York City landlords are watching their tax bills climb faster than their rents, and many say the political class has no real plan for what happens next. As property taxes surge and legal challenges mount, the city’s housing market is being reshaped in ways that threaten both small owners and the tenants who rely…
From couture fashion to the roof over your head, the rental economy has quietly expanded into corners of life that used to be all about ownership. I see people now renting items that would have seemed outlandish a decade ago, using short-term access to stretch budgets, experiment with style, and reduce waste. Here are nine…
Boston’s rental market, long defined by bidding wars and waitlists, is suddenly showing cracks. Vacancies are lingering, asking prices are slipping, and landlords who once dictated terms are now signaling they are ready to bend on almost anything to fill units. The shift is reshaping how power flows between owners and tenants in one of…
New York’s long campaign to bring full-scale casinos to the five boroughs has finally crossed a decisive threshold, with state regulators advancing all three New York City bids toward construction. The move transforms what had been speculative mega-projects into likely fixtures of the city’s economic and political landscape, setting up a high-stakes race to break…
Thousands of people who own a second home are discovering that what once felt like a tax-efficient investment now carries a premium price tag. A growing web of national and local property levies is pushing high-value and non‑primary residences into a de facto “mansion tax,” even when owners never saw themselves as wealthy landlords. I…
Russell Wilson is lining up his next address with the same precision he brings to a two‑minute drill, zeroing in on a roughly $30 million Gilded Age mansion in the New York area as he resets his NFL career. The potential purchase would mark a striking shift from his Colorado base to a property that…
Billy Joel has quietly lined up a buyer for his Manhattan condo, a $4.5 million aerie that reflects both his long relationship with New York and the shifting dynamics of the city’s luxury market. The move signals a subtle reshaping of the Piano Man’s real estate footprint, even as he remains closely associated with the…
Amy Schumer is navigating a high-stakes New York real estate sale at the same time her marriage is ending, a collision of personal and financial pressure that would test anyone. The comedian is trying to offload a roughly $14 million Manhattan home in a luxury market that has cooled, while her divorce from chef Chris…
When sellers push their asking price too far above market reality, the market usually pushes back, and the cost of that misstep tends to land squarely on the owner’s shoulders. I see the same pattern repeat: a home debuts with fanfare, sits as buyers move on to better‑priced options, then eventually sells for less than…