In 2011 almost half (49 %) of all investment buyers paid cash while 42 percent of
vacation home buyers did the same.
As the median price of a home at the time was over $ 400k, vacation home buyers didn't seem to notice my marketing online.
Not exact matches
A minority of
buyers are hoping to move into a minihouse full - time, motivated by a desire to simplify their lifestyles or by social and environmental concerns about the amount of living space people need... Living in a tiny
home, as opposed to
doing yoga in it or using it for
vacations, often appeals to people who want simpler lives that leave less of an ecological «footprint.»
Thirty - four percent of
vacation -
home buyers said they plan to use the property as a primary residence in the future, as
did 10 percent of investment
buyers.
All - cash purchases have become prevalent in the second -
home market in recent years: 59 percent of investment
buyers paid cash in 2010, as
did 36 percent of
vacation -
home buyers.
All - cash purchases have become fairly common in the investment - and
vacation -
home market during recent years: 49 percent of investment
buyers paid cash in 2011, as
did 42 percent of
vacation -
home buyers.
All - cash purchases remained fairly common in the investment - and
vacation -
home market: 46 percent of investment
buyers paid cash in 2013, as
did 38 percent of
vacation -
home buyers.
Twenty - one percent of investment
buyers and 15 percent of
vacation buyers did not rent their
home for short - term purposes last year but plan to try it in 2017.
As the age of recent
buyers increases, so
does the rate of owning more than one
home; among Millennials, 8 percent own more than one
home, which could include either a
vacation home or investment property; compared to 21 percent of Gen X-ers, 28 percent of Younger Boomers, and 27 percent of Older Boomers, and 26 percent of the Silent Generation.