Most snowbirds, I know want to keep two homes. Your thesis is based upon a false premise. You seem to have a mixed message when you suggest this would be a good place to buy a home because of the tax advantages but Then suggest we are in a bubble? Which is it? Real estate prices are just catching up to rents which have been rising for the last 7 years while home values stagnated or declined. That is the primary reason home values are rising, that and the confidence coming from a rising stock market. Another piece of information for you to consider it is that it is the a Snowbirds who are buying a large percentage of homes in spite of the fact that they are the ones who come here only during the times when everyone else says it is crowded. I do not find it "crowded". We play golf 3 times a week and get T times at 10AM or before, play pickle all inthe early morning and my wife plays tennis twice a week, also in the morning hours with no problem. We head to the pool after lunch at a restaurant of our choice, no problem there either, and then head to one of the pools at 2PM, always get a lounge chair. Then we head to one of the 3 squares for some free entertainment and dancing. The perfect life and it's unavailable anywhere else in the world for this price, essentially free since I bought in 2007 and my home is now valued at about $50-60k more than we paid. So, Billy no doom and gloom from this family. I am too happy to worry about what the mystery snowbirds will do or not do. Life is too short.
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