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

Reblogger Wallace S. Gibson, CPM
Property Manager 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??


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,, 800-711-7988.  Serving home buyers in MD and Northern VA.



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Donna Derrick Ponte Vedra Beach, Jax Beach FL
Davidson Realty Inc - Ponte Vedra Beach, FL

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

Oct 02, 2012 11:32 PM #1
Wayne and Jean Marie Zuhl
Samsel & Associates - 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 02, 2012 11:47 PM #2
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease


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 05:09 AM #3
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

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 03, 2012 09:31 PM #4
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 03, 2012 10:59 PM #5
Frank Laisch
AmTrust Title Insurance Company - Chicago, IL
"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 02:27 AM #6
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 04, 2012 09:34 PM #7
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