Second homes made news in 2009, but unlike a few years ago they were not the center of attention, with foreclosures and general economic woes taking center stage.
Private Communities Newswire polled thousands of monthly visitors to see if they thought second homes would make a comeback in 2009; a robust 52 percent said “yes,”37 percent said “no” and the other 12 percent of responders were “not sure.” The poll conducted through “polldaddy.com” was not scientific, but it did show those who have an interest in the second home market are still in the game either as shoppers, real estate professionals or sellers.
The Tennessean Media Group's Snapshot of Boomers
It is possible that second homes will become more popular in 2010 with some select buyers like baby boomers, some who still have the means to make the lifestyle change from one to two homes. Even a souring economy is not likely to curb some independent-minded boomers who have had their hearts set on the decision for decades.
Expect those with second homes to get more use out of them as they consider their own future plans and face another cold winter in some regions.
The housing industry faced similar tough times in the early 1990s and it was the boomers who helped fuel a real estate expansion to the Sun Belt and even in locations closer to home. If they do it again, it could be a gradual increase rather than another boom. Please share your 2010 predictions with us.
If you have a second home anywhere, your options for selecting new vacation spots just opened up wide. PrivateCommunities.com has affiliated with 3rd Home to help you leverage your second home for more vacation options.
Let’s say you own a beach retreat in Florida, and you love it — but some new friends you met really like to ski? You make your retreat available through 3rd Home and secure your week’s getaway where the slope appeal is much better.
Enjoy a Split Lifestyle Even More
Trade One White Powder for Another
The possibilities are international and endless. The more “keys” you collect, the more you can travel and enjoy peak experiences in a variety of locations. Instead of trading timeshares, you get an entire home to make the most of your free time. Click here for more!
Is an escape to a tropical paradise in your near future? As the weather gets chilly there may be no better way or no better time to explore a second home in one of the most scenic places on earth.
Could waking up on Pine Cay each morning cure your Holiday Blues?
The true test is to see if you can find your “happy place.” Is there warm weather, plenty of activity to keep you busy or to stay busy doing nothing at all? Starry nights. Sandy beaches. It is the sort of mythical place The Beach Boys called Kokomo in their 1988 hit song (later updated by The Muppets), and that Rodgers and Hammerstein described as Bali Ha’i in their classic Broadway show South Pacific?
Or will you find yourself on a private, secluded island in the nearby Turks & Caicos where lots and homes are priced from $1.5 million and your neighbors will share your desire for a natural hideaway to get away from it all.
The best thing about Pine Cay might be its location, convenient to flights over the crystal clear waters or easy sailing just 494 nautical miles from Miami. However you get there, you may not wish to return from your own special private island filled with rustic charm and casual elegance.
