Wall Street Journal Feb 11, 2011
Started by hmonti
over 15 years ago
Posts: 1
Member since: Jul 2010
Discussion about
Did anybody read the Wall Street Journal last Friday ? Second homes in the Hamptons will be considered a permanent residence in New York State and the owner must pay all New York State taxes includeing income, capital gains, dividend etc.
you should read it again
look at resales discussion on this site.
Should be good for rental rates if you already own.... people will rather rent than buy in this case.
Rental Rates: http://www.easthamptonstar.com/dnn/Archive/Home20110317/BusinessRealEstate/LineinSandonRentalPrices/tabid/14446/Default.aspx