Second Homes and Taxes
With the economy on the upswing, better interest rates, and stock market gains, vacation homes and second home purchases are booming. By the lake, in the mountains, near the cost, in the desert — there are tons of great locations with plenty of fantastic properties. And sometimes a second home can actually make you money.…
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What kind of nuts are we talking about, Jodi? Macadamia nuts? Brazil nuts? Definitely not peanuts, as you won’t find any vacation homes worth their salt going for that. Sure, the second home market is super hot, but let’s not get too carried away — slow growth is sustainable growth, and that’s what many economists…
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With rates falling as they have over the past few years, a lot of people refinanced their homes and investment properties. And yet, rates keep falling to historic lows. Does it make sense to refinance again? I recently spoke to Marcus McCue, Senior Vice President of Guardian Mortgage Company about my own situation with an investment property…
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If You’re Lucky Enough to Have a Second Home in France, it Might Get a Lot More Expensive to Keep it
One of the big promises Socialist Party Leader and French President Francois Hollande pledged during his campaign was that he wouldn’t penalize foreign property owners with steep taxes.
And yet, according to a story from The Telegraph, that’s pretty much exactly what he’s proposing to alleviated the country’s budget deficit.
Those of us in real estate know that when the housing market plummets, vacation places plummet the most. Second homes are most often discretionary purchases you wait on until you feel flush with cash. Well, get ready. Realtors say second-home buyers are returning to the store, shopping from Cape Cod to Lake Tahoe. As I…
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Rent it, sell it, make it pay the bills for you? You may want to get up early with me tomorrow morning to participate in a way cool phone “webinar” with participation by experts in the vacation home marketplace. This is the second of two such webinars we are offering this summer. You missed the…
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