The Housing Cash Crunch That Has Everyone Pointing Fingers
Before New York City voted to freeze rents for more than 1 million rent-stabilized apartments, one member of the Rent Guidelines Board tried to make a point about the buildings themselves. “As the owner’s representative, my primary concern is ensuring that rent-stabilized buildings...” Maksim Wynn b
Airbnb Is Revealed as the Surprise Buyer of Iconic $81.5 Million ‘Anna Delvey Building’ in New York
Short-term rental giant Airbnb has shelled out a whopping $81.5 million for an infamous New York City building that gained widespread attention when scammer Anna Delvey tried to lease it as the headquarters for her so-called social club. The San Francisco–based company has revealed itself as the buy
Fed Chairman Kevin Warsh Taps Billionaire Marc Andreessen To Lead AI Task Force
Federal Reserve Chair Kevin Warsh has named the leadership and objectives of new task forces he is convening to reshape the way the central bank conducts monetary policy. Warsh on Thursday announced five new task forces to examine different aspects of the Fed's mission, each led by prominent and hig
High Mortgage Rates Are Secretly Boosting Airbnb Host Profits
High mortgage rates may have put a damper on growth in the short-term rental market in recent years, but in a twist of fate, they appear to be boosting bookings and profits for longtime hosts. Mortgage rates above 6% have drastically slowed new investment in short-term rental (STR) properties, limit
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