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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Rainer
188,771
Donna J. Derrick Tellico Village and Knoxville TN Real Estate
Lakeside Real Estate Group - Loudon, TN
Your resource for Tellico Village and Knoxville TN

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

Oct 03, 2012 06:32 AM #1
Rainmaker
695,547
Wayne and Jean Marie Zuhl
Hallmark Realtors - Clark, NJ
The Last Names You'll Ever Need in Real Estate

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.

Oct 03, 2012 06:47 AM #2
Rainmaker
409,905
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

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

Oct 03, 2012 12:09 PM #3
Rainmaker
957,959
Wayne Martin
Michael Saunders & Company - Sarasota, FL
Sales Manager - New Homes & Condominiums Division

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!

Oct 04, 2012 04:31 AM #4
Rainmaker
1,539,091
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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

Oct 04, 2012 05:59 AM #5
Rainmaker
313,177
Frank Laisch
Stewart Title Company - Tampa, FL
"The Insurance Guy"

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  

Oct 04, 2012 09:27 AM #6
Rainmaker
1,028,229
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

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.

Oct 05, 2012 04:34 AM #7
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Rainmaker
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Wallace S. Gibson, CPM

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