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Where are vacation homes located in the US?

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Re: Where are vacation homes located in the US?

#61

Post by majormajor »

garciasn wrote: post #54
PopAlongKid wrote: post #23

Earlier quoted context omitted.

This explains very little. State income tax is based on your state of residence, not where you have a vacation home, in which by definition you do not live most of the year. Further, it makes no sense to refer to "the state with no income tax", as there are many of those. Granted, there are some working-age people who buy a vacation home with the thought of moving into it permanently a decade or two into the future,…

> as there are many of those. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming do not have income taxes. Less than 20% isn't 'many' to me but I realize YMMV.

9 is "many" if you're using "THE state with no income tax" as a singular noun.

Re: Where are vacation homes located in the US?

#62

Post by jaxn »

xhkkffbf wrote: post #48
PopAlongKid wrote: post #23

Earlier quoted context omitted.

This explains very little. State income tax is based on your state of residence, not where you have a vacation home, in which by definition you do not live most of the year. Further, it makes no sense to refer to "the state with no income tax", as there are many of those. Granted, there are some working-age people who buy a vacation home with the thought of moving into it permanently a decade or two into the future,…

When they retire, they sell their house in the place with the job and move full time to the no tax state.

So, no income tax right when you have less income?

Re: Where are vacation homes located in the US?

#63

Post by xhkkffbf »

jaxn wrote: post #62
xhkkffbf wrote: post #48

Earlier quoted context omitted.

When they retire, they sell their house in the place with the job and move full time to the no tax state.

So, no income tax right when you have less income?

But when you have less money, every dollar counts. The income tax in places like Cali or NYS can be huge because it eats into the disposable income. It could easy cut your disposable income in half or maybe eat it all.

Re: Where are vacation homes located in the US?

#65

Post by yieldcrv »

anon7000 wrote: post #45
yieldcrv wrote: post #41

Earlier quoted context omitted.

I’ve been to many old mansion estates, and in hotter climates the maid staff would have the upstairs rooms with potentially the best rooms. (Although the rooms were designed to be afterthoughts for maids.) I found that interesting, whats desirable has completely flipped based on our ability to make it comfortable.

I mean, attics and top floors with no AC often get swelteringly lot because heat rises

Yes, you explained the comment

AC makes it comfortable if you have it

Re: Where are vacation homes located in the US?

#66

Post by throw0101d »

snowwrestler wrote: post #33

The article cites the availability of air conditioning as a major factor in vacation home trends. Prior to AC, escaping heat was the main purpose to have a vacation home. That’s why so many vacation homes are near old major cities like Philadelphia, New York, Boston, Chicago, etc. In the summer, families with money escaped to the mountains or the beach, where it was much more pleasant during the hot months. I would g…

> The article cites the availability of air conditioning as a major factor in vacation home trends. Prior to AC, escaping heat was the main purpose to have a vacation home.

One of the (main?) reasons why the Bretton Woods Conference [1] (that determined the post-WW2 financial/currency regime) was held in Bretton Woods, New Hampshire [2] was because no one wanted to be in Washington, DC, in July when it was schedule to take place because of the oppressive heat and humidity that tends to occur in DC during the summer.

[1] https://en.wikipedia.org/wiki/Bretton_Woods_Conference

[2] https://en.wikipedia.org/wiki/Bretton_Woods,_New_Hampshire

Re: Where are vacation homes located in the US?

#67

Post by bobthepanda »

yieldcrv wrote: post #65
anon7000 wrote: post #45

Earlier quoted context omitted.

I mean, attics and top floors with no AC often get swelteringly lot because heat rises

Yes, you explained the comment AC makes it comfortable if you have it

i think the confusing thing about parsing your comment is calling the maid's quarters the best rooms

Re: Where are vacation homes located in the US?

#68

Post by yieldcrv »

bobthepanda wrote: post #67
yieldcrv wrote: post #65

Earlier quoted context omitted.

Yes, you explained the comment AC makes it comfortable if you have it

i think the confusing thing about parsing your comment is calling the maid's quarters the best rooms

okay.

let me clarify: penthouses and top floor rooms are the best rooms now because they can be kept cool, and have views.

in the past the top floor rooms were the worst rooms because couldnt be kept cool, while also having views.

in older estates, its interesting to see that the lowest ranked personnel were living in areas that are now coveted for the highest ranked personnel. due to their current ability to be kept cool.

Re: Where are vacation homes located in the US?

#69

Post by apwell23 »

MrDarcy wrote: post #36
snowwrestler wrote: post #33

The article cites the availability of air conditioning as a major factor in vacation home trends. Prior to AC, escaping heat was the main purpose to have a vacation home. That’s why so many vacation homes are near old major cities like Philadelphia, New York, Boston, Chicago, etc. In the summer, families with money escaped to the mountains or the beach, where it was much more pleasant during the hot months. I would g…

This is a win win win for all involved, owner, renter, and Airbnb. I converted stocks into a vacation home on puget sound and rent it out when we aren’t using it. Demand is high enough that we don’t need to rent it out months in advance so we still feel like it’s mostly ours and we’re not just another guest fitting into Airbnb’s schedule. To your point I liked the liquidity of equities but it has been nice to do some…

i am guessing an agency manages your airbnb? how does that work out financially?

Re: Where are vacation homes located in the US?

#70

Post by BrenBarn »

It's not clear to me from this article or from the census page whether this definition of vacation homes includes residential units rented out via AirBnB or the like. But the numbers seem to suggest it doesn't, since some data ( https://insideairbnb.com/los-angeles/ ) says that, for instance, Los Angeles has 45k AirBnB listings while the article claims only 14k vacation homes in LA.
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