Money, Wealth & Power—A Daily Look at the Financial World
In a city where real estate giants dominate the skyline, the most fragile part of New York’s housing system is suddenly at the center of a political storm. Small NYC landlords, many of them families with just a few units, say they are being squeezed to the edge by Mayor Zohran Mamdani’s aggressive tenant-first agenda…
Across much of the United States, housing wealth still looks robust on paper, yet in a cluster of coastal markets values are slipping fast enough to erase years of equity in a matter of months. Forecasts now point to price drops approaching 10% in some Florida metros by 2026, while several West Coast cities that…
Florida’s long run as America’s default dream destination is colliding with a harsher reality of soaring costs, fragile infrastructure and climate risk. After a pandemic-era surge that brought more than half a million newcomers between 2020 and 2022, the state is now watching a growing share of residents quietly plan their exit. The emerging pattern…
In a market that prides itself on precision, a single misplaced digit has just become a $44 billion cautionary tale. Earlier this year, South Korean exchange Bithumb accidentally pushed out roughly 620,000 Bitcoin, worth about $44 billion, to hundreds of customers during a promotional event, triggering a frantic sell-off and a sharp price drop. The…
Bill Gates has quietly put a slice of his Medina, Washington, holdings on the market, listing a waterfront-adjacent home for $4.8 million just steps from his primary compound. The move offers a rare glimpse into how one of the world’s most closely watched billionaires manages real estate around a property that has long fascinated both…
Mountain living no longer has to mean Aspen prices. I set out to find seven cheap US mountain towns where a modest pension, Social Security check, or remote-work salary can still go a long way, and where outdoor access is measured in minutes, not hours. Each of these places offers real peaks, real communities, and…
When a listing sits while everything else around it moves, there is almost always a brutal reason hiding in plain sight. I have watched sellers blame the market, the neighbors, even the weather, while buyers quietly cross their homes off the list. Here are 11 hard truths top realtors share about why your home will…
Oprah Winfrey’s rise from local news anchor to media mogul is well documented, but the scale of the land she controls is still wildly underestimated. Her holdings stretch from coastal California to remote corners of Hawaii and the Rockies, forming a carefully curated web of estates, ranches, and retreats that function as both investments and…
Across the United States, the cost of a typical home has sprinted far ahead of what typical paychecks can support. Politicians often point to a simple culprit, a massive shortage of homes, but the data tell a more complicated story. I see a web of financial, regulatory, and cost pressures that together help explain why…
Portland’s skyline was built on the assumption that office workers would keep streaming into Downtown five days a week. That bet has gone bad. Values on some of the city’s most recognizable towers have collapsed, vacancy has surged to record levels, and the financial shock is rippling through everything from city services to neighborhood small…