The Dream of a Florida Retirement Is Fading for the Middle Class - WSJ

kept by eddie jan 12

Florida's rising costs of living are pushing out middle-class retirees and attracting wealthy ones, reshaping the state's identity as an affordable retirement haven.

The Slum in Gangnam, the Richest Part of Seoul - The New York Times
Hundreds defy eviction in a Gangnam shantytown as Seoul pushes redevelopment, residents fight for a right to own homes in one of the world's most expensive districts.
also on #inequality, #housing-market, #real-estate, #economy
Exclusive | The Untold Story of Charlie Munger’s Final Years - WSJ
In the year before his death, Charlie Munger made over $50 million from a bet on shunned industry, increased real-estate activities, and questioned if Moore's Law applies to AI.
also on #aging, #real-estate
The haves and have nots of the AI gold rush
A Menlo Ventures partner says the AI boom has created a stark divide where roughly 10,000 people have achieved retirement wealth while many software engineers face layoffs and career uncertainty.
also on #inequality, #economy