Whatever you want to call them, you can’t ignore them. There’s a new baby boomlet.
And New York Times reporter John Leland raises the question, What is the relationship between fertility and real estate?
In his article in today’s paper (here), Leland writes:
"In the wide-open mortgage climate early this decade, creative loan
products allowed more people than ever to buy homes, often a precursor
to having children. In 2006, the babies arrived — a reminder, perhaps,
that if you build it, they will toddle."
While housing analysts and economists are being cautious in drawing any firm conclusions, from a tax standpoint I can definitely see the advantages. You get the tax twofer of home-related write-offs (details in Home Sweet Homeownership Tax Breaks) and all those connected to your new chip off the old block (details in Tax Joys of Parenthood).
