71–80 of 108 posts
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.
That doesn't seem insane compared to say California with 0.71%?
Earlier quoted context omitted.
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…
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…
Most likely investors are setting up phony identities and marking the homes as occupied to claim deductions
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…
But, then again, some people don't notice marginal increase in neurotoxins.
Earlier quoted context omitted.
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?
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…
Good plan in theory until you get to the first AirBnb you've pre-booked for 1-4 weeks and it's destroyed with mold. But, then again, some people don't notice marginal increase in neurotoxins.
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.
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…
Good plan in theory until you get to the first AirBnb you've pre-booked for 1-4 weeks and it's destroyed with mold. But, then again, some people don't notice marginal increase in neurotoxins.
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’m sympathetic to that complaint a bit but it’s also a bit like NIMBY.
Generally I think the cheapness of travel has been an unsung net negative for humanity as a whole.