Owners of vacant homes may want to consider the ‘exit tax’ before selling
Real Estate
In a normal market, an empty home is a wasting asset: Equity sits trapped, no rent comes in, and the owner keeps paying property taxes, insurance, maintenance, utilities, and fees. But the math has started to bend the other way in some markets, according to a new analysis. The study from Flock Homes , a real estate investment platform, found that in 49 metros, the modeled cost of keeping a vacant home for at least five years was lower than the estimated tax hit from selling. In Los Angeles, it
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