Money, Wealth & Power—A Daily Look at the Financial World
Housing costs have climbed so far out of reach that programs once reserved for struggling families are now targeting households earning six figures. More than half of down payment assistance options are open to buyers making $100,000 or more, a shift that captures how distorted the line between “middle class” and “in need” has become….
In a corner of coastal Florida, home values have not just climbed, they have effectively doubled in a handful of years as ultra-wealthy buyers compete for a finite supply of waterfront mansions and gated estates. The surge has turned a once seasonal enclave into a year-round base for billionaires, private equity partners and tech founders…
In parts of metro Atlanta, the American dream of stable housing has shrunk to a 200‑square‑foot room with a mini fridge and a weekly bill that devours nearly everything a family earns. Parents in DeKalb County are handing over 77% of their income just to keep a key card that can stop working at any…
After years of whiplash from bidding wars, rate shocks and vanishing inventory, the housing market is finally edging back toward something that looks like normal. A growing body of forecasts suggests 2026 will not be a return to the rock-bottom rates of the past, but it could be the first year in a while when…
As younger enthusiasts reshape the collector market, a handful of once-overlooked models have quietly tripled in value while attention stayed fixed on headline-grabbing supercars. With classic-car auctions hitting billions in annual sales and buyers chasing rarer, more characterful machines, these seven sleeper collector cars show how quickly sentiment, scarcity and performance credentials can re-rate a…
Across the United States, the hollowed-out shells of department stores are being reborn as velvet-rope destinations. As legacy anchors retreat from malls, private members’ clubs and invitation-only lounges are moving in, turning once public retail corridors into curated, closed-door social worlds for the affluent. The shift is reshaping not just how these properties look, but…
Across the country, homeowners are waking up to find that the communities they bought into are being reshaped overnight by aggressive new homeowners association rules. Parking restrictions, landscaping mandates, and even limits on solar panels or vegetable gardens are turning once quiet subdivisions into battlegrounds between residents and their boards. As one neighborhood’s sweeping rule…
Tesla’s long grip on the electric-car story in Europe has cracked, replaced by a new narrative in which Chinese champion BYD is the growth stock and legacy European brands are quietly reclaiming home turf. The headline drama of Tesla plunging while BYD rockets higher captures a deeper shift in who sets the pace on price,…
America’s latest foreclosure spike is not spread evenly across the map. Fresh data on State Foreclosure Rates and December’s jump in filings shows a handful of states where home seizures are clustering, turning local markets into pressure cookers even as national activity remains below pre‑crisis peaks. I look at five states that multiple datasets now…
Fort Lauderdale is weighing an unusually simple answer to a very expensive problem: instead of building a new City Hall from the ground up, it may just buy the downtown office tower where staff have been camping out since a catastrophic flood. Commissioners are now openly debating whether acquiring that building could save tens of…