\GoBillsInDallas/ Posted June 17, 2013 Share Posted June 17, 2013 Insert joke here: http://www.cnbc.com/id/100811031 Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted June 17, 2013 Share Posted June 17, 2013 A shortage of McMansions in desireable low-tax states? Who'd have thunk it? Link to comment Share on other sites More sharing options...
birdog1960 Posted June 17, 2013 Share Posted June 17, 2013 A shortage of McMansions in desireable low-tax states? Who'd have thunk it? aren't carmel and montery in california? never heard that state described as low tax. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted June 17, 2013 Share Posted June 17, 2013 aren't carmel and montery in california? never heard that state described as low tax. Because of the tech industry in CA, some of those tax codes are protected by the inability of the empoloyee to do his job outside of California. That's the exception rather than the rule, however. You'll note the two other examples given in the article: "She said buyers have poured into the market in recent months, many from overseas. American buyers are also piling in—some from higher-tax states like California, lured by low taxes and still-low prices in Florida." "The Old Greenwich market right now is just super hot," he said. About half the buyers are people moving within Greenwich and others are moving from New York City and other areas, he added. While some realtors worry that shrinking inventories could crimp future sales, Oglivy says he's not worried." Link to comment Share on other sites More sharing options...
Gary M Posted June 17, 2013 Share Posted June 17, 2013 Insert joke here: http://www.cnbc.com/id/100811031 "In Palm Beach, Fla., the number of $1 million-plus homes has plunged by 70 percent, falling from 89 to 26." Is it because they sold, or because the prices dropped due to the housing bubble? Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted June 17, 2013 Share Posted June 17, 2013 "In Palm Beach, Fla., the number of $1 million-plus homes has plunged by 70 percent, falling from 89 to 26." Is it because they sold, or because the prices dropped due to the housing bubble? I'm guessing it's the second, leading to the first. Link to comment Share on other sites More sharing options...
Chef Jim Posted June 17, 2013 Share Posted June 17, 2013 (edited) "In Palm Beach, Fla., the number of $1 million-plus homes has plunged by 70 percent, falling from 89 to 26." Is it because they sold, or because the prices dropped due to the housing bubble? Depends. Many of the higher end markets are back where they were pre bubble bursting. In SF $1,000,000 will hardly get you a mansion. $3.65 million will get you this "Edwardian" on a majorly busy street in SF. http://www.sfgate.com/realestate/hotproperty/article/Hot-Property-Remodeled-Edwardian-includes-4601464.php Edited June 18, 2013 by Chef Jim Link to comment Share on other sites More sharing options...
dayman Posted June 18, 2013 Share Posted June 18, 2013 Depends. Many of the higher end markets are back where they were pre bubble bursting. In SF $1,000,000 will hardly get you a mansion. Florida was hit real hard so naturally it is coming back strong. In any event, Florida really is a great place to live so it is only natural. Link to comment Share on other sites More sharing options...
B-Large Posted June 18, 2013 Share Posted June 18, 2013 Depends. Many of the higher end markets are back where they were pre bubble bursting. In SF $1,000,000 will hardly get you a mansion. $3.65 million will get you this "Edwardian" on a majorly busy street in SF. http://www.sfgate.co...des-4601464.php Wow, its too bad they made that home modern- not that it isn't beauful inside, but that interior is no longer Edwardian Era style... San Fran is a wonderful place, but man, at those prices, visit and rent rather than live... I mean, unless you are trust fund kid. Link to comment Share on other sites More sharing options...
Just Jack Posted June 19, 2013 Share Posted June 19, 2013 What $500K and up will get you around Syracuse... http://realestate.syracuse.com/?classification=real+estate&temp_type=browse&finder=buy&ad_type=residential-listing%2Cvacation-listing%2Cnew-homes-listing&tp=RE_syr&property=syracuse.com&location=13066&adpricemin=500000 Link to comment Share on other sites More sharing options...
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