The largest generation in US history is retiring and buying property in the state with no income tax.
This is not even logical, retired people don't have incomes. Anyways, they get them with insane property taxes.
Where are vacation homes located in the US?
11–20 of 108 posts
Re: Where are vacation homes located in the US?
#12TL;DR In Florida
And less dramatically, states that have a coast (ocean, gulf, or large lake)
Or an abundance of lakes like Minnesota, Wisconsin, and Michigan, which are also Great Lakes states.
Finland also has a high amount of vacation homes on lakeshore property, and I would guess that pretty much any area with glacial lakes within hours of population centers will have lots of vacation homes.
Re: Where are vacation homes located in the US?
#13The largest generation in US history is retiring and buying property in the state with no income tax.
This is not even logical, retired people don't have incomes. Anyways, they get them with insane property taxes.
Not quite. Retired people have deferred income in IRAs and 401(k)s that can be claimed at their leisure after 59.5 years old. So if you deferred taxes from a high tax State and then get the income in a no-tax State, you saved on taxes.
Re: Where are vacation homes located in the US?
#14Dear map makers who show us by-state break-downs: normalize by the population. The first map tells me this: New York, Florida, and Texas have large populations.
Second map is "Percent of housing units that are vacation homes".
My point would be: the second map belongs in the article because it is informative. The first one does not.
Re: Where are vacation homes located in the US?
#15If you are have an objective squint, a lot of vacation homes have wheels. Per Google AI just prior to pasting:
As of 2024, there are an estimated 11.2 million RV-owning households in the U.S., according to Emergency Assistance Plus.
That's more than double the 4.8 million mentioned in the article...and theoretically some households could own more than two. But modulo RV's are also used for work travel particularly when it comes to construction.
Like anything relating to housing and real-estate, it's complicated.
Re: Where are vacation homes located in the US?
#16TL;DR In Florida
That's the TL;DR for the least interesting part of the article since most would expect Florida to have the most. It's well known as a major state to retire to, and many of the things that make a place attractive as a retirement destination also make it attractive as a vacation home location. And it is a high population state so when comparing by absolute numbers it would be the most obvious candidate for most vacatio…
> Hawaii is also interesting. It has twice the population of Alaska, but only slightly more vacation homes (31.6k vs 29.2k).
Common sense reasoning: people cannot afford to have their vacation home in Hawaii.
High prices, long and expensive flights.
Re: Where are vacation homes located in the US?
#17TL;DR In Florida
That's the TL;DR for the least interesting part of the article since most would expect Florida to have the most. It's well known as a major state to retire to, and many of the things that make a place attractive as a retirement destination also make it attractive as a vacation home location. And it is a high population state so when comparing by absolute numbers it would be the most obvious candidate for most vacatio…
FL, ME, and VT also allow for weather arbitrage. People winter in FL and summer in places like ME and VT.
Re: Where are vacation homes located in the US?
#18Re: Where are vacation homes located in the US?
#19The largest generation in US history is retiring and buying property in the state with no income tax.
This is not even logical, retired people don't have incomes. Anyways, they get them with insane property taxes.
Depends on what you mean by retired. In the traditional sense you’re correct, retired people don’t have income. In the legal sense retirement just means the person is of age to collect benefits. But there is also the question of type of income.
If a retired person owns property and sells it, that is income subject to capital gains tax.
If a person is retired but still owns the business or is even still a board member, they’re still working in a sense and gaining shares.
There are plenty of “retired” people who are “working” and have income.
Re: Where are vacation homes located in the US?
#20This is interesting, but one axis it's missing is that in some places the "vacation homes" aren't actually habitable year round. Quite a few cabins in Maine are neither insulated nor heated for the winters, are only accessible via roads that aren't maintained during the winter, etc. I'm not familiar with the area but I would guess that Minnesota's Lake Country and other similar places have the same thing going on.