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…
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…
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…
In some of the country’s priciest ZIP codes, buyers are now wiring seven and eight figures for nothing more than dirt, treating vacant parcels as luxury assets in their own right. The spectacle of record-breaking prices for empty land is colliding with a worsening housing shortage, and the contrast is fueling anger far beyond the…
New York City’s latest housing push, centered on a 99-unit threshold that unlocks lucrative tax breaks, is reshaping what gets built and where. As projects stack up just under that line, the pattern is starting to collide with the mayor’s promise to deliver both more homes and more equitable growth. I see a growing tension…
New York’s latest housing fight has turned a state-level policy proposal into a neighborhood-level identity clash, pitting tenants who feel squeezed by rising rents against homeowners who fear their equity and control are on the line. At the center is Assemblymember Zohran Mamdani’s push to reshape how the state treats landlords and renters, a plan…
Florida’s shoreline is still one of the most closely watched real estate frontiers, and the next five years are likely to reward buyers who balance lifestyle with long-term value. Based on current pricing, infrastructure investment and expert forecasts, I see a handful of beach towns where today’s purchases could look especially smart by 2030. 1)…
For buyers priced out of major Western cities, there are still countries where a livable home can cost under $100,000, although precise current prices are often unverified based on available sources. I focus here on places repeatedly cited for low real estate costs, combining that reporting with basic context on lifestyle and risk so readers…