HomeAway
“The rules and tax-planning strategies for a vacation home are complex if the home is rented,” says Dr. Jerrold Stern, a research fellow at the Real Estate Center at Texas A&M University. Truly, that’s an understatement. More and more people are buying vacation homes thanks to growing employment and stock market gains. And as services…
This is a good way to gauge where you should buy your second home if you plan on leasing it to supplement income. As you probably know, the sluggish, morose economy continues to drag down the travel industry: one publication I know ceased their entire travel section due to lack of ads. But there is one segment…
If you want to look at a market that makes residential real estate even in say, Detroit look good, look at second homes. Last year, the median price of a vacation home in the U.S. fell 11%. Compare that to what the National Association of Realtors tells us the ordinary primary residence did — fell 5 percent …
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