National News Stories Affecting Second Homes
This home is in Kingston, New York, in the Hudson River Valley, and was just written up in the New York Times. I’m writing about it because a) it is a second home for a NYC couple and b) it was built in 1958 by the grandparents of a friend who grew up in the…
Read MoreBarrons is bragging how they called it: the second home market has bottomed, and the rich are out swooping up the bargains. Prices of high-end second homes have sunk, some as low as 40%. And Barrons lists the top second home markets in the US. Sea Island, Georgia was rated number one. Next comes Maui,…
Read MoreEight of the top twenty cities on this “life sucks here” list are in California, which makes me sad because I LOVE Cali. But not sure I’d ever buy a home there, even in Pebble Beach, unless I had oodles of high net worth. (And I LOVE San Diego.) So check out this list. Miami…
Read MoreSki Towns Cracking Down on Under The Table Rental Owners
Last week I told you how New York state is gigging out of state home owners for state taxes even if you don’t sleep there. Head west to the Rockies for this tall tale: the Colorado Association of Ski Towns, or CAST, is holding off on plans to hunt down vacation rental owners who aren’t…
Read MoreTrouble Selling That Second Home? Don’t Agonize, Fractionalize
A Muksego, Wisconson couple fed up with the housing market are now trying to sell their vacation home north of Chicago by fractionalizing it. The 1,800-square-foot ranch which they bought in 1999 is a 1950’s era on a three-acre island in Little Muskego Lake, pictured here. Now they want the cash out for another project so instead of…
Read MoreHaving a second home in New York City or state may be more expensive now than ever. For those with places in the city, the state Taxation Department will require state residents who own second homes in New York City to report the number of days they spend in the city, which will likely result…
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