State and local governments are adopting their own versions of taxes on high-end second homes to gin up revenue -- but not everyone likes the gold rush.
In posh Montecito, the listing comes at a time when Santa Barbara-area property continues to draw luxury buyers seeking privacy and sweeping ocean views.
At a time when millions of would-be homebuyers are locked out of the market, a select group of homeowners is claiming a huge tax break--for second homes.
Sixteen creative and media companies have moved to Hudson Square since Google and Disney gobbled up more than a combined 4 million square feet last year and in 2025.