LA residents are buying vacation homes…in LA

Instead of buying vacation in exotic, faraway lands, wealthy homeowners are now buying second homes in their hometowns as vacation properties, the Wall Street Journal reports

What you need to know:

  • Wealthy homeowners are starting to buy second homes in their hometowns.
  • This trend has been observed in LA, Miami and NY
  • Busy professionals who can’t be too far from work are driving the trend
  • 2nd homes in town are also great for guests

Thinking a second home in town might be a good idea? A beach house up the coast or maybe a loft in the booming downtown area? Contact investment expert Tracy Thrower Conyers to discuss possibilities.

For more: The Ultimate Staycation? A Second Home in the Same City [wsj]

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