Mexico does second-home buying right

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Who were the first snowbirds? It depends on where you ask the question. Historically, snowbirds have been retirees who escape the cold of winter for a warmer climate. Residents of the East Coast tend to say they were the first to dodge the snow -- heading to Florida and the Caribbean, while West Coasters picked up the trend much later and invaded Arizona and Southern California. The term "snowbird" also is given to a significant number of Canadians who make Victoria, British Columbia, their home in January and February. Snowbirds usually are able to be away from home for long periods of time, often can afford to purchase a second home, and have even been known to use their primary and second homes for creative tax purposes and income streams. David Collins, chairman of Active Living International, a company specializing in the research and development of active adult communities, is an expert in predicting where snowbirds prefer to land. His company's recent assignme...