Author: josh
How Scott Bessent used financial engineering to fund the $2 trillion deficit while leaving it untouched | Fortune
While investors fixate on the AI boom, a warning from a group of Wall Street bankers whose job is to help the U.S. government borrow went unnoticed. In minutes released Aug. 5, the Treasury Borrowing Advisory Committee—a panel of senior bond dealers and investors, known as TBAC, that advises the Treasury on its own funding—warned that at current auction sizes, the government faces a $1.45 trillion funding shortfall in fiscal 2027–28. What that means takes a primer to understand how Washington actually borrows. The Treasury doesn’t take out one huge annual loan, rather, it raises cash by selling debt at…
Tips for Negotiating the Best Deal on a New Construction Home
Buying a new construction home comes with perks like modern layouts, new appliances, and the chance to personalize finishes, but it also comes with a different negotiation process than buying an existing home. While builders may be less likely to lower the purchase price, there are often opportunities to negotiate incentives, upgrades, financing, and contract terms that can save you thousands. Whether you’re buying a new construction home in Charlotte, NC, or a home in Phoenix, AZ, knowing what to negotiate can help you save thousands. From builder incentives to contract terms, this Redfin guide covers tips for negotiating the…
In AI-obsessed Silicon Valley, live commerce platform Whatnot just notched a new funding round valuing it at $20 billion | Fortune
Whatnot, started in a Funko Pop-flooded rental house, is now a $20 billion company. The live commerce platform exclusively told Fortune it recently raised its $545 million Series G, almost doubling Whatnot’s valuation from $11.5 billion in its October 2025 round. It’s an unlikely story in all sorts of ways, from the tech giant’s previous failed efforts to bring live selling to the U.S. to Whatnot’s own seemingly niche beginning. In a moment where it seems like every venture dollar is chasing OpenAI or Anthropic, Whatnot’s continuous growth is anomalous, and makes for interesting conversations with VCs. “When you look…
The 7-Property Retirement Plan ($80,000/Year)
In just a decade, you can replace your income with rentals. If you can save up just one down payment for a rental property, you can use the strategy I’m about to share and repeat it until you build an income-replacing investment property portfolio, without needing a new down payment every time you buy. Today, I’m walking through one of the most powerful investing strategies that is so simple most investors ignore it.I’ll also prove that you do not need 20 rental properties to comfortably replace your income—you only need seven.This strategy is a more 2026-friendly version of the famous…
How Long Does It Take to Build A Home in Massachusetts?
For many aspiring homeowners in Massachusetts, building a custom home represents the ultimate way to own a property that perfectly aligns with their lifestyle and aesthetic preferences. However, the path from an initial concept to a completed structure can range from 12 to 18 months and can come with complexities. Prospective builders must balance their vision with the logistical realities of building a home in the Northeast. Understanding the typical duration of this process—and the variables that can either accelerate or stall it—is essential for effective planning and financial management. This Redfin guide breaks down the essential components of the…
I’m a data center CEO. Communities deserve better partners, not blanket bans | Fortune
New York has imposed the country’s first statewide moratorium on new large-scale data center construction. It might not be the last. Bills to freeze or restrict data center development have surfaced in statehouses from Maine to Georgia. Communities feel taken advantage of, and they’re pushing back. Frankly, some of that skepticism has been earned. Communities didn’t become skeptical overnight. In some cases, developers treated public engagement as a box to check rather than a commitment to keep, and that’s exactly why higher standards matter now. None of this is new to us. We’ve built data centers for 15 years with one guiding principle: build like you intend to live next door, not like you’re clearing a permit. That doesn’t change because scrutiny…
Vacation Rentals Are Officially on Sale: Where They’re Worth Buying
Dave:Vacation markets were some of the biggest winners of the pandemic housing boom, but now a lot of those same markets are starting to look very different. Sellers are cutting prices, buyers have more options, and although some short-term rental operators are struggling, it has made me wonder, could it actually be a good time to get back into the short-term rental market? I’m Dave Meyer, and today I’m joined by Garrett Brown, short-term rental expert and content creator at BiggerPockets. And we’re talking about what’s happening in the vacation rental and short-term rental heavy markets. We’ll get into why…
Suffolk County, MA Housing Market Update: July 2026
Key Takeaways Suffolk County still favored sellers in July, but the advantage narrowed sharply: pending sales fell 13%, fewer than one in four homes went under contract within two weeks, and inventory hit its highest summer level since 2020. Home prices held at $825,080—up 3% year over year—matching the national pace for the first time since early 2024 after months of outperformance. Active listings climbed 10% year over year to 2,931 while the national count dipped slightly. New supply kept arriving even as buyers stepped back. Suffolk County, MA Housing Market Snapshot Median Sale Price Pending Sales Active Listings Days…
How to Build Your Own Real Estate Investing Team (From Scratch)
Real estate investing is a team sport. You can buy great rental properties in great neighborhoods and still fail—all because you don’t have the right people around you.Today, we’re showing you exactly how to build your real estate investing team from scratch. This is important for any investor, whether you’re buying in your own backyard or out-of-state, but it’s even more crucial when building a rental portfolio from hundreds or thousands of miles away.Every successful real estate business has at least four key players: an investor-friendly agent, a lender, a good contractor, and a property manager. And the truth is…
$25 billion in data centers shows St. Louis is serious about competing in the AI economy | Fortune
America is entering a new infrastructure race. In the 19th century, railroads determined which cities prospered. In the 20th century, airports and interstate highways reshaped the economic map of the country. Now, in the age of artificial intelligence, the defining infrastructure of the 21st century is digital. Data centers are critical to this transformation. Across the country, communities are deciding whether to compete for the industries powering the future economy. While some cities such as Minneapolis and states like New York are pumping the brakes to allow time for officials to develop regulations and processes for managing fast-moving projects, the…