J.P. Morgan's trust, the International Mercantile Marine, purchased the White Star Line in 1902 for roughly $32 million — equivalent to over $1.2 billion in today's money.
China's second-quarter economic growth came in at just over 4%, the slowest rate in more than three years, falling below Beijing's full-year target.
In March, China lowered its annual growth target to between 4.5–5%, the least ambitious target since 1991.
Japan's Nikkei average gained more than a thousand points as stocks across Asia traded mixed.
Dominique Gunderson currently runs 10 to 12 flips simultaneously in New Orleans, demonstrating that flipping at scale is still very viable in 2026.
Henry Washington and Dominique Gunderson have collectively done over 100 house flips, giving them deep perspective on how the market has changed.
The margin for error in house flipping is now so small that even minor miscalculations can erase profit, exposing weaker investors over the past two years.
Henry Washington always underwrites assuming 6% in realtor commissions as a worst-case scenario, even if he rarely pays the full amount.
A common flipper mistake is only budgeting closing costs for the sale — forgetting the purchase-side closing costs that also eat into profit.
Dominique Gunderson estimates that 70 to 80 percent of her rehabs produce a surprise cost item of $10,000 or more, making contingency planning essential.
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