Money, Wealth & Power—A Daily Look at the Financial World
Florida’s condo market is in the middle of its sharpest reset since the last housing crash, with prices sliding at a pace that would have seemed unthinkable just a few years ago. After a long run of bidding wars and investor speculation, the state is now seeing a rare combination of falling values, rising costs…
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…
For many homeowners, the first surprise after closing is not a leaky roof or a higher utility bill, but a letter saying the mortgage has been sold. The loan terms stay the same, yet the name on the statement changes, sometimes more than once, and it can feel like the ground is shifting under a…
San Francisco’s hotel market is now producing the kind of price tags usually reserved for distressed malls and failed office parks, with marquee properties changing hands at roughly a quarter of what they fetched less than a decade ago. The steep markdowns capture a broader reset in a downtown that has struggled to bring back…
Tesla’s blistering rebound has finally started to lose steam, and the stock’s latest pullback is forcing investors to reassess whether the easy money has already been made. After a year defined by sharp rallies, equally sharp corrections, and fierce debate over valuation, the question now is not whether Tesla can grow, but whether the current…
In the highest reaches of the housing market, the benchmark for a “trophy” property has quietly shifted upward, with price tags that once seemed outlandish now appearing almost routine. I see the $200 million mark functioning less as an outlier and more as the new psychological line of scrimmage for ultra-luxury homes, especially in a…
Insurance, once a predictable line item in New York City building budgets, has turned into a volatile cost that is reshaping the economics of rent stabilized housing. Landlords who operate on thin margins to keep regulated apartments habitable now face premium spikes that outpace rent increases and routine operating costs. The result is a mounting…
In one of San Francisco’s most coveted ZIP codes, the luxury market has shifted into a sprint, not a stroll, with buyers arriving prepared to wire funds rather than haggle with lenders. The combination of scarce listings, deep-pocketed households and renewed confidence in the city has turned a leafy corner of the west side into…
The most expensive home on the market in metro Atlanta right now is not a glassy penthouse or a sprawling contemporary compound, but a painstaking homage to the White House with a price tag of $35 million. The 13-bedroom estate, conceived as a residential-scale echo of the executive mansion, now sits atop the region’s listings…
Vintage trucks that once hauled hay and hardware are now quietly trading for sports-car money, as collectors chase originality, period-correct restorations, and rare performance packages. I look at 10 standout pickups and SUVs whose auction results and rising price guides show how quickly an old workhorse can turn into a small fortune. 1) 1969 Ford…