SURVEY SAYS. . . . . . I'm having a hard time believing any surveys about anything. . . .

Reblogger Wallace S. Gibson, CPM
Real Estate Broker/Owner with Gibson Management Group, Ltd.

My question would be how many own property they they do not live in....there are A LOT of landlords who are now renters....they own a "second" home without owning a FIRST one!

Original content by Lenn Harley 303829;0225082372

HOW MANY PEOPLE DO YOU KNOW WHO OWN A SECOND HOME???  Does the number come anywhere near 24%???Lenn

According to the PEW Research, 24& of home owners own a second home, residential or investment. 

I don't know about that.  What I do know is that, as a real estate broker, active for many, many years, I have known, or even known of, few who fit that description.  I wonder if that percentage includes TIME SHARES??

SEE: 

Who Owns Second Properties?

Percentage of each group that reports having any real estate holdings, such as a second home or investment property, apart from the place where they now live. 

SEE survey results HERE.

 

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.  Serving home buyers in MD and Northern VA.

 


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Comments 7 New Comment

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Rainer
177,546
Donna J. Derrick Tellico Village and Knoxville TN Real Estate
Your resource for Tellico Village and Knoxville TN
Lakeside Real Estate Group

I wonder if it could include an RV? Of all the people I know, 24% certainly seems high! THanks for sharing!

October 03, 2012 06:32 AM
Rainmaker
624,615
Wayne and Jean Marie Zuhl
The Last Names You'll Ever Need in Real Estate
Hallmark Realtors

I never thought that a timeshare was considered a second home.  What about an RV?  Investment property? Family property? Tent?  Dog house? 

I know that 24% of the people that I know don't have a second home.

Interesting survey data.

October 03, 2012 06:47 AM
Rainmaker
409,541
Michelle Francis
Realtor, Buckhead Atlanta Homes for Sale & Lease
Tim Francis Realty LLC

Wallace, 

Yeah, just doesn't make sense, unless you count the folks that don't still live in their primary residence as 2nd home owners.

All the best, Michelle

October 03, 2012 12:09 PM
Rainmaker
853,244
Wayne Martin
Sales Manager - New Homes & Condominiums Division
Michael Saunders & Company

Wallace, living in Southwest Florida with the snowbirds, it would seem 24% may be light! I would have guessed 25% if asked. Enjoy your day!

October 04, 2012 04:31 AM
Rainmaker
1,374,455
Joan Cox
Denver Real Estate - Selling One Home at a Time
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373

This was a great post, and after thinking of my client base, probably only 10% own second homes for personal use or rentals.

October 04, 2012 05:59 AM
Rainmaker
313,069
Frank Laisch
"The Insurance Guy"
Stewart Title Company

Interesting survey, we have a few clients that we have investors policies for their homes and then a renters policy for the homes they are renting  

October 04, 2012 09:27 AM
Rainmaker
869,478
Joe Petrowsky
Your Mortgage Consultant for Life
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709

I often have these same challenges on the mortgage. From time to time, I will see a credit report that shows a charge off of an obligation that was a time share, the folks are stuck and can't refinance or purchase, as it is considered real estate. It is looked at, as a foreclosure.

October 05, 2012 04:34 AM
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Rainmaker
1,077,154

Wallace S. Gibson, CPM

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