I have been trying to get a good grasp on how many people own second homes, and there seems to be some real uncertainty about this. About 6% of homes in the US are not the first deed to a home a person, or couple, owns. However, upwards of 40% of people report owning a second home. We aren’t really sure what is going on here. Clearly 40% of the population do not own more than one home, and considering that the really wealthy often own 5+ houses, there is just no way. However that doesn’t mean that there aren’t some problems with the data collection on how many homes are owned by people on multiple deeds.
From what I have found seems the most thrown around estimate is somewhere around 7-8% of homes are owned by people who own other homes, and that group like makes up around 8-10% of the population. But who knows, there are many people who are on deeds, but don’t truly own the home, and them being on it is a security/convenience measure. Bleh.
Nah fam you got three homes you can pay up
Don’t forget how many people own three homes in the first place. You might need their votes.
Also, if one inherits their grandparents home and wants to give it their own children but must wait for 2-3 years, they might be forced to sell too.
Shit good point. Through multiple deaths I am a fractional owner of 3 properties, and I can’t afford to be a homeowner
The number of people who have three homes on this country I doubt is a huge number. And to be honest most of them are probably right-leaning anyway.
I have been trying to get a good grasp on how many people own second homes, and there seems to be some real uncertainty about this. About 6% of homes in the US are not the first deed to a home a person, or couple, owns. However, upwards of 40% of people report owning a second home. We aren’t really sure what is going on here. Clearly 40% of the population do not own more than one home, and considering that the really wealthy often own 5+ houses, there is just no way. However that doesn’t mean that there aren’t some problems with the data collection on how many homes are owned by people on multiple deeds.
From what I have found seems the most thrown around estimate is somewhere around 7-8% of homes are owned by people who own other homes, and that group like makes up around 8-10% of the population. But who knows, there are many people who are on deeds, but don’t truly own the home, and them being on it is a security/convenience measure. Bleh.
rural unregistered cabins could account for some of this discrepancy, renting a first home would probably be a bigger factors though.