Money, Wealth & Power—A Daily Look at the Financial World
In Florida, the cost of protecting a house can now rival a year of college tuition. One retiree saw his homeowner policy jump past $14,000 and decided to drop coverage entirely, a move that has become a quiet coping strategy in neighborhoods from Miami to the Panhandle. I want to unpack what that choice really…
Google co-founder Sergey Brin is quietly assembling a new footprint in Florida, snapping up a $50 million oceanfront mansion just as California moves toward a tougher billionaire tax regime. The deal, coming on the heels of another $50M splurge in Malibu, crystallizes how the state’s wealthiest residents are hedging their bets with strategic real estate…
President Trump has pitched a 50-year mortgage as a “game changer” for housing affordability, promising lower monthly payments and a path into homes that now feel out of reach. Personal finance expert Dave Ramsey is not buying it, arguing that stretching a home loan over half a century is less a solution and more a…
US builders are racing to turn a campaign slogan into concrete, lumber and cul-de-sacs, sketching out a plan for as many as 1 million “Trump Homes” that could reshape both the housing market and the politics around it. The emerging proposal would enlist some of the country’s biggest developers in a coordinated push to add…
Inheriting a house you never asked for can feel less like a windfall and more like a problem that arrived with a key. Between legal deadlines, family expectations and the cost of simply keeping the place insured and secure, waiting too long to act can shrink your options fast. If you know you do not…
Mortgage shoppers hoping that a new Federal Reserve leader will quickly deliver cheaper loans are likely to be disappointed. Even with a change at the top of the central bank, the forces keeping borrowing costs elevated are bigger than any one person, and the data suggest only gradual relief ahead. For now, homebuyers will have…
Nvidia has slipped through a closely watched technical level just as Alphabet heads into a pivotal earnings report, putting two of the market’s most important artificial intelligence players on a collision course for investor attention. The question now is whether that break signals a deeper reset in AI enthusiasm or a temporary shakeout before the…
Central banks on both sides of the Atlantic are holding the line on borrowing costs, and for stretched mortgage holders that means little immediate relief. With policy rates anchored around 3.75%, monthly repayments that surged during the inflation fight are now being locked in as the new normal rather than a temporary spike. The decision…
Across the United States, a growing share of families now spend more on health coverage than on the roof over their heads. Premiums, deductibles, and surprise bills are colliding with flat wages and rising housing costs, turning health insurance from a safety net into a second, often larger, mortgage payment. For the middle class in…
Millions of homeowners are sitting on 3 percent mortgages and feeling trapped in homes that no longer fit their lives. President Donald Trump is betting that a new “portable mortgage” option could unstick that market, letting people carry those ultra-low loans to a new address instead of giving them up. I see a plan that…