NYC banned landlords from passing broker fees to renters. So brokers found a workaround: charging renters just to see the apartment. More on my @bloombergnews.bsky.social story on NYC's growing shadow rental market www.bloomberg.com/news/article...

NYC Brokers Are Charging Renters $4,000 to View Hidden Listings

Alexandra Dye scored a two-bedroom apartment in prime Brooklyn for 60% below market rent. The catch: She had to pay $4,000 just to see the listing.

bloomberg.com

Miami is a classic example of what happens when a place successfully attracts wealth. The very migration that made it more economically dynamic also eroded one of its strongest selling points: affordability. Here's why a Miami move isn't the deal it used to be: www.bloomberg.com/news/feature...

Miami Is Losing Its Claim to a Cheaper Cost of Living Than NYC

Trading cold, expensive New York City for lower taxes and warmer weather in Miami was long a no-brainer. No more.

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New York City's new tax on expensive second homes has owners and buyers scrambling for loopholes with little success. My latest with my brilliant colleague Ben Steverman www.bloomberg.com/news/article...

Mamdani’s New Pied-à-Terre Tax Leaves Wealthy With Few Loopholes

Second-home owners are repricing, renting out and quietly recalculating. Many will just have to pay up.

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Wall Street isn't the only game in town anymore. As NYC's tech workforce has grown 45% since pre-pandemic, the industry's highest earners are increasingly competing with finance for housing, cultural cachet and more. Our latest on how tech is reshaping New York: www.bloomberg.com/news/feature...

New York’s Tech Boom Has Made the City Richer — and Even More Competitive

High-earning tech workers have helped reshape the city’s economic map post-pandemic, especially in Brooklyn.

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The job market for recent college graduates in New York is worsening, clouding a once-bright spot in the city’s economy. Entry-level jobs in the city fell 37% between 2022 and 2024, a loss of nearly 30,000 positions overall. Read my latest with Laura Nahmias www.bloomberg.com/news/article...

For Young New York Job Hunters, Entry-Level Roles Are Vanishing

Kayla Cruz started hunting for jobs in the New York region after she graduated from Northeastern University last May. She’s still looking.

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NYC’s newest billionaire status symbol: a double-wide townhouse. Ultra-wealthy buyers are combining 2–3 historic townhomes into mega-mansions designed to feel like suburban estates — in the middle of the Manhattan. Here's the latest with @sooophie.bsky.social www.bloomberg.com/graphics/202...

“A double-wide is like a Picasso or that Gustav Klimt that sold for $236 million. A suburban house in Manhattan, in the West Village? There’s not that many.” @paulinacachero.bsky.social @sooophie.bsky.social @mariepastora.bsky.social @agordon.me www.bloomberg.com/graphics/202...

New York City’s worsening rent crisis – long the bane of the city’s working class – is now ensnaring an unlikely demographic: six-figure earners. 🏙️ Read my latest for @business with my brilliant colleagues www.bloomberg.com/graphics/202...

Even New York City’s Wealthy Renters Can’t Avoid The Housing Crisis

In a city where roughly two out of three residents lease their homes, record-high rents have long bogged down the working class. But these days, more higher earners are feeling the squeeze: At least 6...

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An elite US college education is a stretch even for parents making $300,000. See how much you could pay — or save — at the top schools.

Top Colleges Are Too Costly Even for Parents Making $300,000

Many families have incomes that are too high to qualify for meaningful aid but too low to afford to pay out of pocket.

bloom.bg

Rates for 30-year loans have crossed 7%, a key level that may keep the housing market in the doldrums for some time to come. www.bloomberg.com/news/article...

US Mortgage Rates Pushing Past 7% Signal Tough Road Ahead

US homebuyers contending with the highest borrowing costs in eight months are seeing mortgage rates rise past a psychological barrier that risks complicating purchase decisions even more.

bloomberg.com

NEW for @bloombergnews.bsky.social : Real estate brokerage Douglas Elliman is facing questions from the Justice Department over Oren and Tal Alexander, the former star agents arrested this month on charges of sex trafficking. www.bloomberg.com/news/article...

Douglas Elliman Pressed for Details on Alexander Brothers by DOJ

Real estate brokerage Douglas Elliman Inc. is facing questions from the Justice Department over Oren and Tal Alexander, the former star agents arrested this month on charges of sex trafficking.

bloomberg.com