Where are vacation homes located in the US?

Post by apwell23 » Sun, Jul 27, 2025, 6:23 PM UTC

mancerayder wrote: post #87

ausbah wrote: post #83

Earlier quoted context omitted.

yeah seriously there isn’t enough housing in major cities so the little new construction that isn’t rentals has a good chance of turning into an “investment property” via someone buying the mortgage and immediately turning it into a rental unit or airbnb unit. I really think that cities should either outlaw these type of units or tax them heavily and divert all new funds into new housing construction, or just incenti…

NYC has outlawed them more than 30 days (unless it's just a room and you're in the unit). NY state has legally created a registry and now smaller towns are requiring permits. But Seattle and NYC Airbnbs aren't second homes, it's investments people were trying to play with. A vacation home is more a seasonal spot near a beach or a lake or mountain. That sort of stuff doesn't steal some middle class family's chances of…

Post by ashdksnndck » Sun, Jul 27, 2025, 7:33 PM UTC

sokoloff wrote: post #82

ashdksnndck wrote: post #73

Earlier quoted context omitted.

If you treat days of the year as fungible, the math on owning a ski condo looks bad. But if you want the ability to look at the weather forecast, see that it is about to dump, then drive to the mountain before the storm arrives and set up shop before they close the highways, you are not going to pay a lot more than the standard nightly rate.

I would expect that people with that mindset would be willing to pay quite a bit more than the standard nightly rate to have that experience.

Post by seangrogg » Sun, Jul 27, 2025, 7:41 PM UTC

mikestew wrote: post #85

xhkkffbf wrote: post #63

Earlier quoted context omitted.

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.

It has been my observation that no-income-tax states make up for it in sales tax and/or property tax. Government is getting its cut one way or another. Of course, retirees will want to skip CA altogether with their income tax and ridiculous sales tax.

Post by cwmoore » Sun, Jul 27, 2025, 8:26 PM UTC

owenversteeg wrote: post #60

The most interesting part of this is the map of census tracts that shows how most vacation homes are tightly grouped. For example, Florida has a lot of vacation homes (8% of the state's housing vs 3% nationwide), but the vast majority of Florida census tracts have a tiny proportion and vacation homes are the majority in a few small areas. In some areas, the proportion of vacation homes seems to follow population dens…

Post by JumpCrisscross » Mon, Jul 28, 2025, 1:57 AM UTC

dgrin91 wrote: post #50

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,…

Or you spend 6 months + 1 day in your 0 tax state (possibly with some creative accounting) and the rest in high income tax state.