Second Home Demographics
543,000 vacation homes were sold in 2010, ten less than in 2009. 867,000 investment homes were sold in 2010 940,000 investment homes were sold in 2009 Only 25 percent of vacation home buyers plan to rent them. Only 20 percent of investment buyers plan to use their second homes themselves. The median price of a…
Read More
Homeowners who owe more than $1 million on their homes are under intensified scrutiny by the IRS now. Why? Because of so much confusion over deducting the interest on those over $1 million mortgages. And you can do the math — if your mortgage is more than a million, you are likely deducting a boatload…
Read More
Greetings from Gruene! Second Shelters contributor Andrew Chalk was kind enough to head south to the Texas Hill Country and check out second/vacation home real estate in the beautiful New Braunfels area: New Braunfels may be the most popular location in Texas for vacation homes. Little wonder, given the natural beauty of the Guadalupe and…
Read More
Joel Kotkin, the provocative urbanist and Forbes contributor whose latest book is The Next Hundred Million: America in 2050, is so right on the ball. Contrary to the elitists’ proclamation that all of us should ditch our autos and be crammed into an “urban core,” Joel thinks suburbia is not all that bad and is,…
Read More
Mary Ann and Fred Davis bought a home in Naples, Florida for $200,000. 2400 square feet and 40% off what it sold for in 2005. The home is in a gated community and they plan to keep it as a second home/family retreat for years, hence no pie-in-the-sky buy and flip notions. I’ve got more…
Read More
If you are going to buy investment property, you want a place where your home/land etc. is going to appreciate, right? And we all know the messages received across most of the country is fat chance, bubba. Sure, real estate in (drowning) Phoenix and Vegas is so cheap you can buy a home once listed…
Read More- « Previous
- 1
- 2
- 3
- 4
- Next »
