National News Stories Affecting Second Homes

The Best Places in America for Second Homes

By Candy Evans / March 8, 2011 /

Barrons 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,…

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America’s Most Miserable Cities: Not Good Places to Buy a Second Home

By Candy Evans / February 27, 2011 /

Eight 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…

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Ski Towns Cracking Down on Under The Table Rental Owners

By Candy Evans / February 22, 2011 /

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…

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Trouble Selling That Second Home? Don’t Agonize, Fractionalize

By Candy Evans / February 18, 2011 /

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…

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Second Homes in New York State About to be on Fire Sale

By Candy Evans / February 15, 2011 /

Having 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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