Rich-Poor Gap Widens in Europe, North America Oct 25, 2008
We know people at our church who are wealthy who think nothing of trips to Europe, buying a second home, buying new cars. We, on the other hand, are still trying to find the cheapest, safest place to live and are having to move again since apartment prices keep going up. (Washington Post)
Millionaires Trade in Hawaii for Mexico, Vacation Mansions for Timeshares Oct 7, 2008
When we started the business, everybody thought they were going to make a fortune buying a second home because real estate was going up everywhere all the time,'' Addoms said. They've gotten over that. (Bloomberg -- Latin America)
The allure of Jamaica's high-end living Sep 12, 2008
Eager, 45 and his wife, Susan, 35, and their family - two daughters, aged 7 and 9, and a son, aged 19 - had often been tempted by the romance of buying a second home abroad but had been discouraged by the realization they would have to look after it. But at Half Moon, each of the owners pays an annual fee of $70,000 for the services of a butler, housekeeper and cook as well as the use of the golf course, tennis courts and equestrian center. (International Herald Tribune)
Real estate markets across China join general slump Sep 11, 2008
"I'm not contemplating buying a second home as an investment because I hear that stock market and housing prices will continue to fall through next year," she said. Part of the problem is a severe credit crunch. (International Herald Tribune)
NRIs & locals now look at Goa as a safe investment option Aug 29, 2008
If youre looking at investing in property or buying a second home, then Goa may still be youre best option. Nature is doing for Goa, what IT did for Bangalore and Hyderabad send land prices soaring. (India Times)
Home sweet hotel: Live like a perpetual guest Aug 2, 2008
Buying a second home in, say, a tropical city or beach haven isn't news. People have always loved to spend a few weeks in their own private sanctuary away from the realities of their everyday home. (MSNBC -- Travel)
A New and Growing Vacation Ownership Option Jul 15, 2008
They found rented homes to be unsatisfactory and the prospect of buying a second home unappealing. The need for rented cars, car seats, toys, games and groceries made the travel experience less than pleasant. (Canton Daily Ledger, IL)
Venezuelan instability a plus for So. Florida's economy Jun 11, 2008
Venezuelan instability a plus for South Florida's economy - South Florida Business Journal. Members: Not Registered. (South Florida Business Journal, FL)
Four seek two Thomaston selectmen's seats Jun 1, 2008
He said a lot of people are moving to town or buying a second home in Thomaston. If they have a second home, they have enough funds to be put in a separate tax bracket, he said, suggesting there be a surcharge for people with a second home in Thomaston. (Courier Publications, ME)
Ask Realty Times May 30, 2008
Question: I'm considering buying a second home on a New Hampshire lakefront. The asking price is $825,000 and I'm trying to determine what a fair offer would be relative to the market. (RealtyTimes)
Newcomers pick metro Atlanta May 28, 2008
Beverly Duke, for example, considered buying a second home near her adult children in either New York or Atlanta. Duke, a widow, preferred the lifestyle of metro Atlanta and bought a condo in Vinings. (Atlanta Journal-Constitution -- Metro)
Is now the time to take equity out of your house? Apr 16, 2008
Craig Venezia, author of "Buying a Second Home: Income, Getaway or Retirement," said the only time homeowners truly get equity out of their homes is when they sell. And the only thing home equity loans will do is put them deeper in debt, he said. (Pittsburgh Post-Gazette, PA)
Exclusive Resorts ups its offering of Hawaiian properties Apr 12, 2008
A Denver-based company that offers an alternative in accommodations for well-heeled travelers who want more than a hotel but don't want to commit to buying a second home is increasing its stake in Hawaii ... Unlike buying a second home, time share or fractional ownership, members can cancel their memberships for an 80 percent refund of their initial buy-in, which is either $225,000, $325,000 or $425,000. (Denver Business Journal, CO)
It's a great time to buy a second home Apr 11, 2008
Q: What should they know about buying a second home. Ash: Once they buy it, they've bought it. (Atlanta Journal-Constitution)
Second Homes: Condos Pay Off As Second Homes Feb 21, 2008
It's key for buyers to understand that buying a second home in a community association is a lot like buying a share in a closely held, publicly traded, real estate holding company run by a board of directors -- typically volunteers with little experience. "Community association living isn't perfect, and for some it's just not a good fit, but it's reassuring to know that most residents believe their associations are functioning effectively," said foundation President Robert Browning. (RealtyTimes)
Local housing crisis Feb 19, 2008
12:16 Dennis of New Jersey: We are thinking of buying a second home in Palm Beach County. My concern is the uncertainty of the property taxes in Florida, especially with respect to non homestead properties. (The Palm Beach Post)
Fast home sales require attention to pricing and promotion Jan 21, 2008
Craig Venezia is the author of Buying a Second Home: Income, Getaway or Retirement (Nolo). E-mail him at. (San Francisco Chronicle)
Filling timeshare resale void Nov 25, 2007
"It seems that people are looking at timeshares now rather than at buying a second home.". Currently, SellMyTimeshareNOW.com is active in 176 countries. (Seacoast New Hampshire)
Purchasing a Vacation Home Nov 23, 2007
Is Buying a Second Home a Great Investment or Merely a Money Pit. Buying a weekend house or condo may be a sound investment. (Suite101.com)
* Beijing fails to curb soaring home prices Oct 3, 2007
As part of new measures unveiled last week, the downpayment requirement for people buying a second home was raised to 40 percent from 30 percent. China has since 2005 taken a lengthy series of steps -- including interest rate hikes and imposing taxes -- to curb rapidly rising real estate prices amid concerns of a dangerous bubble in the sector. (Taipei Times, Taiwan -- World)
Forbes shares his thoughts Oct 1, 2007
Buying a second home in Malaysia. You offer me good prices (and again, he burst into laughter). (The Star Online, Malaysia -- Business)
* PRC imposes new property controls Sep 29, 2007
As part of the new measures, which take effect immediately, the down payment requirement for people buying a second home was raised to 40 percent from 30 percent. The down payment required for commercial properties such as offices was also raised to 50 percent from 40 percent. (Taipei Times, Taiwan -- World)
Graying boomers seek places to age at leisure Aug 31, 2007
Those values have given many boomers home equity they can use to downsize to an apartment or condo in the Capital Region while buying a second home, perhaps in a warmer locale. 1. (Albany Times Union)
Land trust gaining ground to create affordable housing Aug 23, 2007
"There are a lot of people who can't live here full time but want to live here part time. So they're buying a second home here, they're living here part time and they come here on vacation. There are so many of them that there are not enough houses left over for people who want to live here full time and who want to buy a home." She continued by saying most communities in the Black Hills are having difficulty hiring because of a lack of affordable housing. "It's really affecting our economy and... (Black Hills Pioneer, SD)
Advice for finding the perfect vacation home Jul 11, 2007
Whether you are thinking of buying a second home at Georgia's beaches, the mountains or on one of the many lakes, there are a number of things to consider besides just how restful your dream vacation home will be. Nearly 7 million American families now own vacation homes. (Atlanta Journal-Constitution)
Mountain gardens with a view Jul 6, 2007
Diane and Jim Riddle, with Dewey, love relaxing in the garden they created after buying a second home in 1990. Diane has designed the garden around nature, with paths navigating glades of ferns, a tunnel through a thicket of rhododendrons and tree stumps converted to planters. (Atlanta Journal-Constitution)
Butlins tries to bring Miami touch to Minehead Jul 5, 2007
He said: "We had been considering buying a second home abroad but the BlueSkies apartments offered great luxury and the points system gives us the freedom to travel further afield if we feel the urge.". When Ray Smith, 49, sold up his business in Birmingham and was left with money to invest, he thought about buying a holiday home. (Guardian Unlimited -- UK)
Japanese numbers to double Jul 2, 2007
I am now renting a house in Tanjung Tokong, and will consider buying a second home in Penang in the near future, he said. Toida. (The Star Online, Malaysia -- Business)
Housing market Jun 29, 2007
40 percent of respondents are considering buying a second home in the next year. That s an increase from last year, when only 30 percent said they were considering such a move. (The Palm Beach Post)
SECOND HOME TIPS Jun 21, 2007
Thursday 21 June, 2007. East Aurora Advertiser 2007. (East Aurora Advertiser, NY)
Baby Boomers Boost Market for Second Homes Jun 15, 2007
Craig Venezia, author of "Buying a Second Home," published by Nolo books, said families need to take a hard look at the costs before buying. The interest rate on mortgages for second homes can be higher than on primary homes, and how much of the interest can be written off at tax time depends on factors including whether the house is used only by the owners or rented out. (Newsmax)
Boomers boost market for second homes for recreation, retirement Jun 14, 2007
But buying a second home requires a major financial commitment, so consumers need to think carefully before taking the plunge ... Craig Venezia, author of Buying a Second Home, published by Nolo books, said families need to take a hard look at the costs before buying. (San Diego Union-Tribune -- Business)
Seven Secrets About Buying A Second Home Jun 11, 2007
author of the new "Buying A Second Home: Income Getaway or Retirement" (Nolo, $24. 99) offers one such list for the second home crowd. (RealtyTimes)
Vacation Property Sales Increase May 21, 2007
"If you're buying a second home for your personal use, you don't want to compete with speculators. You want to take your time and make a thoughtful purchase you can feel good about," says Karpinski. If now is a good time to jump into the vacation home sales market, do you have to be wealthy to buy. (RealtyTimes)
Banks take steps to tighten loans for second homes May 14, 2007
MUMBAI: Buying a second home will only get tougher. Banks have started charging a higher rate of interest and demanding stiffer margins on loans taken to buy a second or third home. (Economic Times)
Fractional fairy tales: Vacation TICs are big business May 13, 2007
In the last 10 years, buying a second home has become the epitome of the American dream. Homeownership may have marked entry into the promised land, but vacation property is fueling the most ecstatic visions: wineries, beach houses, pieds-a-terre and mountain cabins. (San Francisco Chronicle -- Business)
Look before that leap May 11, 2007
This is the first thing you should consider in planning your retirement move, says Craig Venezia, author of Buying a Second Home. Ask yourself, he suggests, "How important is my current network of family and friends to me? How often do I see them? Anything more than a two-hour drive away is going to become cumbersome.". (USA Today -- Money)
Roll the dice on commissions -- that's no hard 6 May 7, 2007
Craig Venezia is the author of "Buying a Second Home: Income, Getaway or Retirement." E-mail him at. This article appeared on page K - 7 of the San Francisco Chronicle. (San Francisco Chronicle)
'Perfect storm' of debt puts Floridians in bankruptcy May 4, 2007
The housing boom also lured some people into buying a second home as an investment, sometimes with the aid of creative financing such as "teaser rate" or interest-only mortgages they can no longer afford, Alper said. If they qualify to file a Chapter 7 personal bankruptcy, he noted, it leads to the liquidation of their assets, including the second home, but lets them protect their primary residence. (Orlando Sentinel -- Business)
Exclusive Resorts increases its stake in Hawaii Mar 28, 2007
A Colorado-based company that offers an alternative in accommodations for well-heeled travelers who want more than a hotel but don't want to commit to buying a second home in the islands is increasing its stake in Hawaii. which owns 16 homes on the Big Island's Kohala Coast and two in Maui's Wailea resort, is planning to buy an additional 40 homes on Maui for a total investment of some $200 million in Hawaii real estate. (Pacific Business News, HI)
Yours, mine ... ours Feb 19, 2007
In a real estate market of high prices, it was only a matter of time before the idea took hold that multiple families could chip in and make buying a second home more affordable, said Andy Sirkin, a San Francisco lawyer credited with popularizing the tenancy-in-common agreement the backbone for group buying. And just recently, the mortgage industry has jumped aboard the trend by offering fractional funding loans expressly for group ownership situations. (Los Angeles Times)
Business Briefs Feb 9, 2007
The "Okie from Muskogee" said he's considering buying a second home near Oildale and founding a "sensible" green energy project to help the United States kick its fossil-fuel habit. The project with local resident and actor Charlie Napier could also feature a museum and live music venue. (Fresno Bee -- Business)
Who is Peter F. Drucker? Why Should You Care? Feb 8, 2007
If they have the income potential and understand the tax implications, they might very well see the wisdom in repositioning some of their equity, refinancing, moving up, buying a second home or a rental, or creating a plan to do these things in the future. Learn alternative real estate vehicles. (RealtyTimes)
