NYC real estate
fromNOTUS
6 days agoWhere New York's Lawmakers Split From Their Constituents: Home Ownership
New York has the lowest homeownership rate in the U.S., yet most of its congressional delegation owns homes.
I bought my house in 1999 for $145,800, and there still are monthly payments on the home. Normally, within 30 years most people would have their homes paid off, but I had a little slip-up in 2008 when the market crashed. I went from a six-figure income to zero income. I depleted most of my financial resources to hang onto the home.
A vacation house is different from your primary residence, it's a second property used for leisure rather than everyday living. Unlike an investment property, which is purchased mainly to generate income, a vacation home is often bought for personal enjoyment first, with rental income as a possible bonus. People buy these homes for different reasons: some want a personal retreat to escape to on weekends,