For subscribers
Couple’s two-home dream lands them in heavy debt
Sign up now: Get ST's newsletters delivered to your inbox
A couple lost a $3 million home and ended up saddled with huge debts when their two-property dream came crashing down.
PHOTO: PIXABAY
Some couples jump through hoops to buy a second home and then hold the properties separately to avoid taxes which are designed to deter speculation, but there are pitfalls aplenty in such a strategy.
This is what a couple in their 40s discovered recently after they lost a $3 million home and ended up saddled with huge debts when their two-property dream came crashing down.
