Why a Long Island Town’s Crackdown on Vacation Rentals May Not Fix Its Housing Crisis

The four-bedroom waterfront home on Long Island's North Fork hadn't even hit the market when Diane Mollica's colleagues began imagining another use for it. "Several of them commented that it would be a fabulous rental property because it has all of the perks that you want on vacation," Mollica, a re

Wall Street’s AI Sell-Off Exposes a Weak Spot in the Bank of Mom and Dad

As more adult children count on the Bank of Mom and Dad to help them buy homes, Mom and Dad, in turn, may be counting on Wall Street. That arrangement looked a little less secure on Friday, when fears about the cost of the artificial intelligence boom sent stocks tumbling. The Nasdaq lost 2.9% on Oc

Beverly Hills Mansion With Private Nightclub, DJ Booth, and Dance Floor Is Listed for an Astonishing $70 Million

An eight-bedroom mansion in Trousdale Estates has hit the market for an eye-watering $70 million. Along with a professional recording studio and drum room, the estate features a private nightclub equipped with a DJ booth, dance floor, bar, custom lighting, and club-grade sound system. Located at the

Nicolas Cage Says He’s a ‘Bit Homeless’ and ‘Living in Hotels’ After Sinkhole Damaged $10.5 Million Malibu Home

Actor Nicolas Cage has been displaced after coastal erosion caused a growing sinkhole in the driveway of his Malibu, CA, home. "I'm currently a little bit homeless," the "National Treasure" star, 62, said at an Oct. 31 appearance at L.A. Comic Con. "Something happened to my house in Malibu, so I'm j