Second Home Trends
I caught up with Vern Yip, star of HGTV’s way popular design shows, when he popped in to visit I.O. Metro up near the Dallas Galleria last week. Yip has a new partnership with the Little Rock, Arkansas-based store that offers a wide variety of stylish, sleek but hip, good-looking and comfortable home furnishings at…
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God, I wish I could say yes, but more likely, just maybe. Or how about, fat chance? I checked with my wonderful CPA firm, Judd, Thomas Smith & Company, who says you may still deduct mortgage interest on a second home and also property taxes but watch it: that alternative minimum tax, a complicated Congressional…
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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…
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Boot Ranch, a luxurious second home “ranching light” community in Fredericksburg, Texas, where you can play city slicker one minute, Arnold Palmer the next, says it’s back. I still have the press kit I received from Boot Ranch now some four years ago. It was the most beautiful kit I have ever received, and useful,…
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The rich are getting richer. The number of Americans with assets of one million or more expanded by 8 percent, this according to Chicago-based luxury trend researcher Spectrem. There are about 8.4 million American households toting this kind of wealth. Now those figures are still lower than the peak of the boom years, back in…
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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…
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