Remove 2015 Remove Design Remove Insurance Remove Property Taxes
article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). March: Introduction of the Fiscal Policy Institute's 2014 "pied-a-terre" tax proposal for properties valued at or above $5,000,000 in New York City, was introduced in the Senate. November: Control of the New York State Senate flipped.

article thumbnail

UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. >> A full 42M U.S. This is an increase of 1.5M

article thumbnail

Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

Compared to 2015 , when it ranked fourth, Mexico is the most sought-after destination for Americans. Any residential property you own in addition to your primary residence will be taxed at the “non-homestead” rate, which is close to double the homestead rates in most states.