Cars, boats, and even second homes can be purchased with income obtained with secreted cash.
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The new rules include higher down payments and mortgage rates on second homes in some cities.
Already, however, on the night of the vote, four French-owned second homes were bombed.
Last year, Cornwall Council's cabinet voted to scrap a 10% council tax discount on second homes.
Cornwall Council cabinet has unanimously voted to scrap a 10% council tax discount on second homes.
It misses lots of poor Democrats, and it also double-counts rich folk who own second homes.
But banning second homes is going to make the rich cross without helping the poor.
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Allowing interest deductions on mortgages for second homes obviously does not advance the goal of home ownership.
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In the South Hams district, BBC Research conducted earlier in July showed there were 4, 115 second homes.
"The second homes in Little Haven are predominantly used by the people who own them, " he said.
The proposals are more widely drawn and include powers over homelessness, more sustainable housing and second homes.
Tourism also bolsters the property market, as more Southeast Asians and expatriates opt for second homes in Thailand.
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The Telegraph has been running leaks, hitherto largely of Labour ministers' and MPs' claims for their second homes.
Councils would have the power to reduce or remove council tax relief on second homes and empty homes.
He reports that grownup college alums have been snapping up second homes in the places where they attended school.
For that reason, Congress should definitely eliminate the availability of the MID for second homes and home equity loans.
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Devon has a total of 14, 137 second homes, according to the BBC research.
All MPs used to be able to claim expenses towards the cost of mortgage interest payments on their "second homes".
For purposes of this credit, existing homes and new construction qualify, as well as principal residences and second homes qualify.
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Repeal the mortgage deduction for second homes and cap mortgage interest deductions for homes valuations at over 1 million dollars.
In some areas, more than 40% of houses were second homes, according to the council figures released last month.
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The parish of St Minver Lowlands, near Rock, has the highest proportion of second homes in the county, at 42.9%.
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He's also worried that a lot of people who bought investment or second homes recently could get spooked and sell them.
As boomers get their hands on this extra money, researchers also expect them to put much of it toward second homes.
Current tax rules surrounding second homes, vacation homes and investment-class second homes have changed more frequently than those of primary residences.
If owners felt more relaxed about letting out second homes, workers might find it easier to move in search of jobs.
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Adding Padstow to the list of parishes where, because more than quarter of homes are second homes, 50% affordable housing is required.
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Treasury sources initially stressed to the BBC that it was not designed for second homes but they would not be specifically excluded.
Californians had considered Bend a favorite spot for second homes and relocation.
During 2011 Plymouth had 2, 483 properties registered as second homes - 708 of which had stood empty for more than two years.
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