Dallas real estate news
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…
Read MoreI’ve never really told you why I started a blog called SecondShelters. Truth is, I wanted to call it SecondHomes, but the URL was already taken. I like the word “shelter” because that is the purpose a home serves — it is really a shelter from the elements, from the big, bad world. As a…
Read MoreThe 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.…
Read MoreI know, Case-Shiller says sales and housing prices are down in Dallas-Fort Worth. It was a pretty sucky report. The only places where sales are up — San Francisco, San Diego and Washington D.C., where all the government jobs are bringing in YPs by the bushels sporting $100 to $300K jobs, all seeking housing. But…
Read MoreI have been cheating on my house by lusting after this estate property for years. YEARS! And now, she is on the market, available. Be still, my beating heart. Listed with Douglas Newby, this home is on the same little lake where police went full S.C.U.B.A. this summer to find the murder evidence that nailed…
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