The storm clouds that have been gathering over America's commercial real estate market got a little darker, according to a recent analysis from Fitch Ratings. Fitch predicts the coming commercial real estate crash will wipe out more property value than the financial crisis of 2008. More ominously, Fitch believes any rebound from the commercial crash will be slower than the rebound from 2008, and the gains will be lower. By any metric, America's commercial real estate market, specifically the off
Robert Kiyosaki, known for his bestseller "Rich Dad Poor Dad," often takes to social media to sound the alarm on the financial health of the economy. He's vocal about his belief in an impending economic collapse or significant recession, urging his followers to brace themselves for tough times ahead. Kiyosaki's recent post on X dives into the commercial real estate crisis, spotlighting the collapse of a major bank in China as a sign of broader troubles, especially for office buildings in both Ch
If you've been looking for a home and you feel like your money isn't going as far as it did before the pandemic, it's not your imagination playing tricks on you. According to a recent study by Zillow, today's homebuyer needs to earn an estimated $50,000 per year more than they did before the pandemic to afford a home without stretching their finances beyond reasonable limits. This grim statistic is another harsh reminder of how difficult today's housing market is for most homebuyers. It's also w
In Florida, homeowners are grappling with insurance rates that are nearly three times the national average, a situation that has prompted concerns at both the state and federal levels. The average cost of home insurance in the Sunshine State has soared to approximately $6,000 annually, significantly outpacing the national average of about $1,700. This surge in premiums is attributed to a 102% increase over the past three years, according to the Insurance Information Institute. Gov. Ron DeSantis
A vacant Florida island just off the coast of Tampa Bay known to generations as "Beer Can Island" has recently been listed for $14 million by a group of savvy investors who bought it for $65,000 in 2017. Beer Can Island's legal name is Pine Key, and it's composed of 9 acres in Hillsborough Bay about halfway between MacDill Air Force Base and Apollo Beach. Pine Key earned the moniker Beer Can Island because, for most of its existence, the island's only claim to fame was as an informal party spot