Second Home Demographics
I feel like some House Porn Candy (I’m trying to go on a diet and stick with Candy instead of Porn) and when I saw this home at gorgeous Cinnamon Shore last weekend, I seriously said — I’m selling everything and moving in. Squatters rights, whatever. What is it about being at the beach that…
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…
You do recall former NBA champ Michael Jordan.¬† Not only is he known as “the greatest basketball player of all times” but he is gaining a rap as the greatest home builder of all times! Jordan is completing a 28,000 square foot mansion in The Bears’ Club, Palm Beach County, Florida, near where Tiger Woods…
1. Second home trends: Affluent Baby Boomers will retire later and downsize from their large McMansions for which utilities and taxes have become prohibitive, to smaller homes, maybe condos,¬† in the city and a second home — in the cheaper boonies, or in another city. Just last night a reader emailed me that his biggest…
I think I could live with just about every single suggestion this bipartisan deficit panel has made, at least, those that I have read, except the home mortgage deduction limitations and eliminating the mortgage deduction on second homes. Homeowners can now deduct mortgage interest on mortgages up to one million dollars. But would a second…
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