Tuesday, August 09, 2011
The LA Times recently published an article about homeowners exchanging time in their vacation homes for other properties around the world. It’s all done online and it is a relatively easy process. The home has to be worth at least $500,000 (the article doesn’t say how they determine value) and you can exchange time at your second home in one state for time in another state, or even another country. The company is called 3rd Home (www.3rdHome.com) and the idea was launched because “A second home is one of the most underutilized assets people own.” Read the full article here.