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14 hours ago
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It's Not Your Imagination – Rents Are Going Up – Zillow Study Shows Renters Must Earn $100K Per Year In Twice As Many Cities As They Did In 2020
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cash-strapped Americans hoping the instability in the stock market might help bring down residential rents just got some bad news. Zillow's April 2025 Rental Market Report clearly shows that America's housing affordability crisis is worsening. According to the study, the number of cities where renters must earn $100,000 per year to afford the rent has doubled since 2020. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – If that weren't bad enough, the report also showed that average renters must earn $20,000 per year more than they did in 2020 to afford 2025 rents. In simple terms, this means the high rents causing people to move out of markets like New York and Los Angeles are spreading to other parts of the country. The cities where average rents are so high that affording them requires a six-figure income are: Boston New York City Miami San Francisco San Jose, California Los Angeles Riverside, California San Diego Los Angeles, Riverside, San Diego, and Miami are the newest additions to the $100,000 list since 2020. The spiraling rents are common in both the single-family and multi-family real estate sectors. Zillow's report shows the average rent for a "typical U.S. apartment" has increased by 28.7% to $1,858 since 2020, while the rent for single-family homes has increased by 42.9% to $2,256 during the same period. Trending: Invest Where It Hurts — And Help Millions Heal: By contrast, Zillow's data also estimates America's median household income has grown to roughly $82,000 since 2020. That's a 22% increase, but it's still insufficient to keep pace with the rent hikes during the same period. Based on Zillow's figures, a family or renter making America's median income would have had to spend 29.2% of their monthly earnings to rent an apartment in April. That's up from 27.4% in 2020. In either case, landlords prefer tenants with an income-to-rent ratio of 3:1 when processing rental applications. It's easy to look at that and assume that tenants spending an average of 29.2% of their income on rent isn't the end of the world. However, it's important to remember that many renters also struggle with other financial obligations, such as student loan debt, credit card debt, or you add those expenses to the rent, it becomes difficult for renters to put money aside to invest or purchase a home. That could potentially leave millions of Americans stuck in a vicious cycle where they become perpetual renters. Even Americans who earn the $100,000-plus annual income required to afford apartments in America's most expensive cities are hard pressed to afford homes there. On the other hand, it's an ideal situation for many residential real estate investors or REIT shareholders. The existence of a permanent tenant base would allow them to lock in passive income streams for many years to come. However, they may not be able to bank on continued increases in their returns. Even if renters' inability to buy permanently locks them into renting, landlords can't raise rents in perpetuity if salaries aren't growing at a proportional rate. Read Next: With Point, you can 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article It's Not Your Imagination – Rents Are Going Up – Zillow Study Shows Renters Must Earn $100K Per Year In Twice As Many Cities As They Did In 2020 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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a day ago
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Ron DeSantis signs bill making gold, silver legal tender, declaring it'll give Floridians ‘financial freedom'
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Gold and silver have served as trusted mediums of exchange for thousands of years. While the U.S. — like much of the world — now relies on fiat currency, Florida Governor Ron DeSantis is charting a different course: bringing the time-tested metals back into everyday use. On May 27, he signed Bill 999, a legislation that would officially recognize gold and silver coins as legal tender in the Sunshine State. According to The Florida Senate, coins used as legal tender must be clearly marked with their weight, purity and mint of origin. In addition, gold and silver coins recognized as legal tender will be exempt from sales tax, potentially encouraging more residents to use and trade in physical metal. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) 'This legislation will authorize money services business like check, cashiers or PayPal to transmit and accept payment in gold and silver,' DeSantis said at a press conference on May 27. 'That means these precious metals can start functioning like real currency again, not just investment vehicles for the wealthy.' The bill is set to take effect on July 1, 2026 — provided the state's legislature ratifies the implementing rules beforehand. DeSantis framed the bill as a move to protect Floridians from the weakening U.S. dollar and growing fiscal uncertainty. 'We've seen the downgrade in the credit rating over multiple administrations, we've seen a lot of problems with the D.C. swamp, this is our ability to give you the financial freedom to be able to protect yourself against the declining value of the dollar,' he said. On May 16, Moody's downgraded the U.S. sovereign credit outlook, following similar moves by S&P Global in 2011 and Fitch in 2023. The U.S. dollar index dipped following the cut. Meanwhile, inflation has steadily chipped away at the dollar's purchasing power. According to the Federal Reserve Bank of Minneapolis inflation calculator, $100 in 2025 buys what just $12.56 could in 1971 — the year the U.S. moved off the gold standard. Gold's appeal is simple. Unlike fiat currencies, the yellow metal can't be printed at will by central banks. It's also considered the ultimate safe haven. Gold is not tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it — driving prices higher. That may help explain why, while markets are getting whipsawed by tariff uncertainty and global tensions, gold has emerged as a bright spot. Over the past 12 months, the price of the precious metal has surged by more than 35%. DeSantis noted at the conference that gold 'has gone up big time' and is 'very likely to hold its value, certainly compared to fiat currency.' He's not alone in that belief. Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, recently highlighted gold's role in a resilient portfolio. 'People don't have, typically, an adequate amount of gold in their portfolio,' Dalio told CNBC. 'When bad times come, gold is a very effective diversifier.' One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Goldco. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold. That makes it an option for those seeking to help shield their retirement funds against economic uncertainties. Goldco offers free shipping and access to a library of retirement resources. Plus, the company will match up to 10% of qualified purchases in free silver. If you're curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Gold isn't the only asset investors rely on to preserve their purchasing power. Real estate has also proven to be a powerful hedge. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply. Of course, high home prices can make buying a home more challenging, especially with mortgage rates still elevated. And being a landlord isn't exactly hands-off work — managing tenants, maintenance and repairs can quickly eat into your time (and returns). The good news? You don't need to buy a property outright — or deal with leaky faucets — to invest in real estate today. Crowdfunding platforms like Arrived offer an easier way to get exposure to this asset class known for its income-generating potential. Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving any positive rental income distributions from your investment. Another option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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a day ago
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My mom died and left me 10 times as much as I expected, and I'm a little lost on how best to manage it
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. In the next 20 years, Americans will inherit an estimated $72 trillion as boomers pass down their accumulated wealth to younger generations in a phenomenon dubbed the Great Wealth Transfer. That means there will be a lot of people like you who are surprised — even if pleasantly so — to be inheriting money and unsure about how best to manage it. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) This problem stems from a lack of communication around estate planning. A 2024 Edward Jones report found that more than one in three Americans have no plans to talk about their estate with their families, even though 48% plan to leave an inheritance. You were unprepared for this windfall, but it's good to be thoughtful about how you're going to manage the money going forward so you don't waste this opportunity to improve your life now and in the future. Here are some options to explore. If you've inherited a large sum of money, one thing you could do is to put it into an investment portfolio that's earmarked for retirement. A 2024 CNBC survey found that 40% of Americans are behind on retirement planning and savings, while 21% of current retirees have no savings at all to live on. You don't want to rely on Social Security in retirement, because those benefits only replace 40% of your paycheck if you're an average earner. Plus there's a possibility of Social Security cuts in the not-so-distant future. Investing your inheritance now could give you greater retirement security, and help you build a legacy for future generations. It's important to maintain a diverse mix of assets in your portfolio. If you're years away from retirement, you might keep the bulk of your portfolio in stocks and a smaller portion in bonds. For instant diversification, consider investing in S&P 500 index funds, giving you exposure to the 500 largest publicly traded companies. For the bond portion of your portfolio, consider a mix of corporate bonds, Treasuries, and municipal bonds for tax diversification. However, diversifying outside of the stock market is equally critical, especially given its recent volatility. Investing in commodities like gold can help stabilize your portfolio and ensure your retirement fund continues to grow. A gold IRA is one option for building up your retirement fund with an inflation-hedging asset. Opening a gold IRA with the help of industry leader Goldco allows you to invest in gold and other precious metals in physical forms while also providing the significant tax advantages of an IRA. Goldco offers free shipping and access to a library of retirement resources. Plus, the company will match up to 10% of qualified purchases in free silver. If you're curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today. Another way to diversify is to invest in real estate. New investing platforms are making it easier than ever to tap into this market. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted internal returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. If you're not an accredited investor, crowdfunding platforms like Arrived allow you to enter the real estate market for as little as $100. Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential. Backed by world-class investors like Jeff Bezos, Arrived makes it easy to fit these properties into your investment portfolio regardless of your income level. Their flexible investment amounts and simplified process allows accredited and non-accredited investors to take advantage of this inflation-hedging asset class without any extra work on your part. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. There's nothing wrong with using proceeds from an inheritance to improve your life and that of your family — right now. So think about your most pressing needs. If you're living in cramped quarters, you might use some of your money to finish off your home's basement for extra living space. Or you could buy a larger home. You can also invest in your children's education. A December 2023 Discover survey found that 70% of parents are worried about not having enough funds to cover their children's education. You could put some of your inheritance into a 529 plan toward your children's college education, allowing it to grow tax-free. Whenever your financial situation changes substantively, it's a good idea to consult a professional. A financial advisor can guide you through some of the best ways to invest your inheritance to meet your goals — and advise you on tax and legal implications. For example, income from certain assets could bump you into a higher tax bracket. An inherited IRA might be subject to the 10-year rule, meaning you have to withdraw all the funds within 10 years of the original account owner's death. You can learn more about the unique rules and opportunities your new financial situation will entail with a professional advisor found on This online platform connects you with vetted financial advisors best suited to help you develop a plan for your new wealth. Just answer a few quick questions about yourself and your finances and the platform will match you with an experienced financial professional. You can view their profile, read past client reviews, and schedule an initial consultation for free with no obligation to hire. With that kind of guidance, your surprise inheritance might additionally surprise you in all the ways it can multiply abundance in your life. Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. 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2 days ago
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Grant Cardone says Warren Buffett's big investments have 1 crucial trait in common
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Real estate mogul Grant Cardone isn't known for holding back, even when sharing his views on investing legends like Warren Buffett. 'Warren Buffet does not buy stocks,' Cardone declared in a YouTube video. It's a bold claim, considering Buffett is one of the most successful stock market investors of all time. But Cardone quickly clarified his stance. 'Every company Warren Buffett has ever invested in — from Coca-Cola to Apple Computers — he was taking a major position in a company, not in a piece of paper,' Cardone explained. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) According to Cardone, there's a common thread in these investments. 'All those companies have one thing in common, what do you think it is? Cash flow,' Cardone said. 'He [Buffett] didn't invest in Apple Computers until their cash flow was so stable. He's a coward investor. He wants to buy real companies that have real assets, and the cash flow. He wants a check every month.' While calling Buffett a 'coward investor' might sound like an insult, Cardone applies the same label to himself. 'I'm a coward investor. I don't invest in stocks, I've always been a coward,' Cardone said in a recent interview. For Cardone, cash flow is king. Owning businesses that generate reliable cash flow allows investors to earn a return without constant involvement — something Cardone sees as essential for long-term wealth. As he put it: 'if you don't find a way to make money while you sleep, you will work until you die. In my case, I'm going to work until I die, and my money will work after I die.' If you're looking to put this strategy into action, here are some simple ways to get started. When it comes to assets that prioritize cash flow, Cardone has a clear favorite — real estate. 'You only buy things that produce cash flow that can't be disrupted — like the real estate I buy,' Cardone told YouTuber Logan Paul during a 2019 appearance on the Impaulsive podcast. Cardone went on to describe the durability of his investments. 'The real estate I buy is indestructible,' he said. When Paul asked why, Cardone explained that his properties generate rents of $1,500 a month, and no matter what happens, those rents aren't likely to drop below that level. Cardone makes a solid point. High-quality properties can provide investors with a steady stream of passive income, which often adjusts with inflation over time. Additionally, inflation tends to push property values higher, reflecting rising costs of materials, labor and land. The best part? You don't need to be a real estate mogul like Cardone to take advantage of this strategy. Platforms like First National Realty Partners (FNRP) allow accredited investors to own a part of institutional-quality, grocery-anchored properties without the hassle of finding and managing deals themselves. FNRP properties are leased to national brands like Whole Foods, CVS, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, investors can enjoy the potential to collect stable, grocery store-anchored income every quarter, without worrying about tenant costs cutting into the bottom line. New investing platforms are also making it easier than ever to tap into the residential real estate market. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted internal returns ranging from 12% to 18%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. If you're not an accredited investor, crowdfunding platforms like Arrived allows you to enter the real estate market for as little as $100. Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential. Backed by world-class investors like Jeff Bezos, Arrived makes it easy to fit these properties into your investment portfolio regardless of your income level. Their flexible investment amounts and simplified process allows accredited and non-accredited investors to take advantage of this inflation-hedging asset class without any extra work on your part. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. High-yield savings accounts (HYSAs) offer a low-risk way to generate passive income while keeping your funds accessible. These accounts usually provide higher interest rates than traditional savings accounts, allowing your money to grow steadily without being tied up in long-term investments. At the end of the day, keep in mind that despite his legendary success in picking winning companies, Buffett doesn't believe that's the right approach for most investors. 'I do not think the average person can pick stocks,' he stated bluntly at Berkshire's 2021 shareholders meeting. Instead, Buffett champions a much simpler strategy, famously stating, 'In my view, for most people, the best thing to do is own the S&P 500 index fund.' This approach gives investors exposure to 500 of America's largest companies across various industries, providing diversified exposure without the need for constant monitoring or active trading. Buffett believes so strongly in this strategy that he has instructed 90% of his wife's inheritance to be invested in 'a very low-cost S&P 500 index fund' after he dies. The beauty of this approach is its accessibility — anyone, regardless of wealth, can take advantage of it. Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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2 days ago
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Inquiries From Wealthy Americans Seeking Overseas Citizenship To Protect Their Assets Have Risen By A Staggering 183% In One Year
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Inquiries from wealthy Americans seeking overseas citizenship to protect their assets have risen by a staggering 183% in one year, according to Henley & Partners' USA Wealth Report 2025, released May 20. Reasons to obtain citizenship outside of the U.S. are mostly related to asset management and extend beyond the knee-jerk reaction that led to the first wave of U.S. citizens applying for foreign citizenship in the first three months of this year, the report states. Rather, Basil Mohr-Elzeki, managing partner of Henley & Partners North America, believes the desire to step away from the U.S. is fueled by careful consideration of the rich insuring their wealth against geopolitical instability. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – 'We're witnessing a new level of sophistication in how affluent Americans manage and diversify their wealth,' Mohr-Elzeki said in the report. 'Securing alternative residences and citizenships is now a strategic form of risk management—a thoughtful Plan B that enhances family resilience, unlocks global opportunities, and safeguards multigenerational legacies.' According to the report data, the wealthiest Americans are not simply inquiring about overseas citizenship but acting on it, too. The report says that around 30% of all investment migration applications submitted through the wealth management firm were by U.S. citizens. Professor Peter J. Spiro of Temple University Law School said in the report that, given the current instability in the U.S., including trade, stocks, and tensions with other countries, high-net-worth citizens are taking prudent steps to safeguard their wealth. 'The enduring value of an American passport is now paired with a growing desire for a backup plan,' said Spiro. 'Dual citizenship, once a luxury, is becoming the new American dream. In an era of rising uncertainty, many are seeking not just the right to stay, but the right to leave.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — According to Henley & Partners' data, most wealthy Americans are looking to park their portfolios in Europe, depending on each country's residence programs. Greece, Italy, Portugal, and Switzerland all offer highly incentivized citizenship/investment programs. Other countries in the Caribbean and Turkey are attractive because of their low tax rates. A surprising addition to the list is a place many people haven't heard of — Nauru in Micronesia. The tiny South Pacific Island is the third smallest country in the world after the Vatican and Monaco. However, it packs a mighty punch in terms of tax incentives and its gateway citizenship program, which allows visa-free entry to 89 other countries. , Despite the desire to have overseas options, Henley & Partners reports that most of the world's wealth is concentrated in the U.S., with over 6 million people able to invest $1 million or more — accounting for 37% of the world's millionaire population. 'America is the undisputed world leader when it comes to high-growth tech sectors such as software, microchips, online retail, internet hosting, social media, search engines and AI. As a result of this dominance, many tech entrepreneurs choose to move to the country in order to take their businesses to the next level,' the report says. Henley & Partners Chief Economist Jean Paul Fabri adds: 'The USA remains the world's best place to create and grow wealth, even if some opt to move elsewhere.' Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Inquiries From Wealthy Americans Seeking Overseas Citizenship To Protect Their Assets Have Risen By A Staggering 183% In One Year originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
