Dallas real estate news
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’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…
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.…
I 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…
