For Sale: Obscene Monuments to Mammon

The uber-rich like to collect trophies as proof of their unsurpassed uberness. These aren’t like the tacky brass trophy you won in a bowling tournament. No, no — global ultra-billionaires compete ferociously with each other in their extreme wealth games to have the...
I Won the Housing Lottery

I Won the Housing Lottery

I grew up in an affluent corner of Loudoun County, Virginia, where the median household income is nearly $120,000. In September, I’ll be a junior at Harvard University. Coming from the richest county in the United States, where I graduated from a competitive magnet...
Lending Dreams

Lending Dreams

Nina Bailey has wanted to buy a home in her adopted city of Detroit for years. Instead, like tens of thousands of other Detroiters, she rents an apartment, where she lives with her two children. Bailey can afford a monthly mortgage payment. She’s got a decent-paying...
The Rigged Housing Market

The Rigged Housing Market

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...
A New Housing Emergency

A New Housing Emergency

Folks, there’s a serious housing shortage in America these days. The stress it’s creating for needy families is approaching heart-attack levels. Did you know, for example, that the inventory of million-dollar homes in Carmel, California, dwindled to only...