Second home sales
A 14 year old boy — a child — was arrested by Mexican authorities for beheading and cutting the genitalia off several cartel victims on behalf of the drug cartels. And he was heading for the U.S., arrested while boarding a bus for Tijuana, en route to visiting his mother in San Diego. News like…
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…
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.…
Kind of like an unplanned pregnancy, more folks these days are ending up with¬† two or more homes on their real estate hands, making a lot more of us second (or multiple!) home owners. Real estate market conditions have practically stranded homeowners in their homes, which is not the end of the world if you…
Vacation homes are no longer just for the rich. Second home buyers are a lot younger than you might expect, and they are not all affluent. Where do they want to have second homes? The beach, like Florida,¬† which is no longer God’s waiting room but foreclosure central; Arizona, where it’s arid and there are…
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