Beach Homes
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…
It had to happen sooner or later, especially with prices slashed and dashed by 40 to almost 60% in some markets. But sales of second homes, some vacation, most investment, shot up in 2011. The combined sales of vaca and investment homes was at the highest it has been in this country since 2005. The…
We’ve only had icky weather for two days, but already I’m pining for sunshine. I finally took the hours to lovingly chronicle the sparkling, perfect, incredible place that is The Palms in Costa Rica. This is one of my favorite second home spots in the world hands down. The place is paradise. You can have…
“I have never been so close to the sand while sleeping in a luxury bed.” I have been to Costa Rica now twice, first as the guest of Hillwood, Ross Perot Jr.’s Fort Worth-based company, second as the guest of The Palms Private Residence Club. Guess which spot I love more? Guess which one I can…
Read this story on CandysDirt about how the rich seem to be accelerating the size and scope of their new homes. Then know this: whatever is happening to the primary home market is being mimic’ed in second and third homes. Prices may be soft, but the rich are getting out their checkbooks for beach homes…
