Money, Wealth & Power—A Daily Look at the Financial World
Foreclosure is back at the center of the U.S. housing story, as lenders step up efforts to reclaim properties from struggling borrowers and investors circle distressed deals. The latest data show a clear upswing in filings, repossessions, and foreclosure starts, signaling a new phase in the market cycle rather than a repeat of the last…
When I walk into a listing that is about to hit the market, I know the fastest way to boost its appeal is to start hiding specific everyday items. Professional stagers consistently strip out anything that distracts buyers from the architecture, light, and layout, because a neutral, uncluttered backdrop sells. Here are eight categories I…
In San Francisco, tenants who have never missed a rent payment are opening their doors to deputy sheriffs and finding eviction papers in their hands. The shock is not just that they are being told to leave, but that the alleged “nonpayment” often traces back to confusing ownership changes, new payment portals, or paperwork technicalities…
NYC Mayor Zohran Mamdani is hailing a $2.1 million settlement with one of New York City’s biggest landlords as a turning point for tenants who say they have endured years of dangerous neglect. The deal, which targets A&E Real Estate and associated owners across 14 buildings, arrives after residents described broken elevators, chronic leaks and…
Buying into the very top of the U.S. housing market now means confronting zip codes where a single-family home can cost $9,500,000 just to get in the door. The priciest pockets of America cluster around Silicon Valley, the Hamptons, and elite New York enclaves, where scarcity and status keep prices elevated. I focus here on…
For years, Bill Gates has been shorthand for billionaire land buying, his farmland portfolio turned into a proxy for fears about who controls the American heartland. Yet the person who now dominates the country’s private acreage is not a tech founder but a low‑profile sports magnate known as “Silent Stan.” Stan Kroenke has quietly assembled…
The stately white mansion that signaled Will Smith’s arrival in “The Fresh Prince of Bel-Air” is officially for sale, opening a rare window into one of television’s most recognizable homes. Hitting the open market for the first time in 48 years, the property is being positioned as both a luxury estate and a once-in-a-generation piece…
Johnny Carson’s onetime retreat in the hills above Los Angeles is back in the spotlight, with his former Bel-Air estate returning to the market at just under $40 m. The Midcentury Modern compound, long held by his third wife Joanna Carson, is now being positioned as both a blue-chip piece of real estate and a…
Marriott is leaning hard into loyalty, rolling out richer bonuses, faster status earning and more ways to turn everyday spending into high value trips. For frequent guests, the latest wave of promotions and policy tweaks can add up to thousands of extra points and a shorter path to elite perks. I see a clear pattern…
The record $41 million judgment against a Southeast Washington landlord is more than a headline-grabbing penalty. It is a blunt reminder that tenants living with leaks, mold, rodents, or failing heat are not powerless, and that the law in the District of Columbia can hit negligent owners where it hurts most. If you are in…