Second Home Trends
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…
The Presidential, bi-partisian committee scrutinizing ways to cut our huge budget deficit brought on by the housing market collapse, Wall Street firms going under, and the biggest government bail out in the history of the world, may end the U.S. home mortgage¬† deduction. It could certainly end the mortgage interest deduction of second home properties.…
Thanksgiving is over and for most of us, those turkeys from last Thursday are going to make excellent sandwiches for a few days. But the inspiration for this post truly came from an article I came across on the BBC: is squirrel the perfect austerity food? I mean, we are trying to make ends meat…
I want a second home in a city where I can have a love affair — a love affair with that city! Though I have no doubt there are some people who do buy second homes to indulge actual romance — a love nest pied a terre — I am talking a love affair with…
