National News Stories Affecting Second Homes
This article in the Washington Post says that Baby Boomers are changing the face of suburbia and staying put, rather than retiring to the likes of Florida and Arizona, as their parents did, once they retire. The U.S. Census showed how rapidly America’s suburbs are growing — despite efforts to squeeze us into greener, urban multi-family…
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Dallas Real Estate is changing. Several years ago, my cousin and his wife moved his parents into their home. It was a bit unsettling because I thought my aunt and uncle needed their own space. Turns out my cousins, who live in Florida, were way ahead of me. With more Hispanics buying homes in Texas…
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Yes, Utah, the Mormon state, home of multiple wives and big families — kidding. (Sort of.) According to recent information released by the U.S. Census Bureau, as reported by U-Haul, Utah properties have the most rooms per home, on average, followed by Texas. The Census Bureau surveyed 915 metropolitan and micropolitan areas and found out…
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God, I wish I could say yes, but more likely, just maybe. Or how about, fat chance? I checked with my wonderful CPA firm, Judd, Thomas Smith & Company, who says you may still deduct mortgage interest on a second home and also property taxes but watch it: that alternative minimum tax, a complicated Congressional…
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Update: My friend Samantha tells me more about her grandparents’ amazing Kingston, NY home: “The kitchen is a box off of that living room they showed (below). It has the ugliest wallpaper ever (brown armadillos – I think) with very outdated cabinets. The washer and dryer are in the kitchen as well. I am positive…
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