Paul Sullivan’s weekly New York Times Wealth Matters column discusses important aspects that home buyers should be aware of. His article, “Home Buyers, Beware: ‘Views Are Not Guaranteed’,” begins as follows:
Mike Tracy bought his dream home on a whim. He and his wife, Cyndi, were visiting Palm Springs, Calif., 10 years ago and looked at a Spanish Mission-style house that was built along the original course at the Tahquitz Creek Golf Resort.
“It was an older house, and it needed a lot of work,” said Mr. Tracy, now 74. “But it was in a resort location, and we figured we can pass away and put the home in family trust forever.”
Or so he thought.
What seemed like a sound move to him and Cyndi, 72, is now causing them and their neighbors consternation: A local environmental group would like to turn the two Tahquitz courses owned by the city into a desert preserve. Mr. Tracy said the move would alter his view, lowering the value of his home.
To see the full article, click: “Home Buyers, Beware: ‘Views Are Not Guaranteed’.”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.