Home Sweet (Second) Home

1) Do you own a summer/vacation/weekend home?
No (63.6%) Yes (36.4%)

2) Where’s your summer home?
Hamptons (30%) Orlando, FL (20%) Poconos (15%) Tampa, FL (10%) Upstate (10%) Jersey Shore (5%) Berkshires (5%) Cape Cod (5%)

3) How often do you spend time there?
My 2-3 weeks of annual vacation time 45%
A few weekends a year • • • • • • • 35%
Several times a year • • • • • • • •  10%
Never—we rent it out • • • • • • • • 10%

4) How is it typically used when you’re there?
Family retreat with the kids and the pets 60%
Romantic getaway • • • • • • • • • •  25%
Solo mental health escape • • • •  10%
To host/entertain guests • • • • • •  5%

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5) Do you ever rent it out?
Yes • • • • • • • • • • • • • • • • • • • •  70%
No • • • • • • • • • • • • • • • • • • • • • 30%

6) What are your long-term plans for it?
Give it to my kids 35%
Flip it for a profit • • • • • • • • • • • • 30%
Sell it • • • • • • • • • • • • • • • • • • •  20%
Retire there • • • • • • • • • • • • • • • 15%

7) In light of the recession, you are finding that owning and maintaining it is…
Becoming cost-prohibitive 70%
A more affordable alternative to spending money on hotels, flights, etc. 30%

8) What’s the worst part of having a second home?
It costs a bundle • • • • • • • • • • • 55%
Having to have two sets of everything
—clothes, dishes, etc. • • • • • • • • 20%
Feeling guilty when not using it • • 20%
Houseguests • • • • • • • • • • • • • • •5%

9) No summer home? Do you hope/plan to buy one in the near future?
Yes • • • • • • • • • • • • • • • • • • • • • 51.4%
No • • • • • • • • • • • • • • • • • • • • •  48.6%

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10) Where would you like your second home to be?
Hamptons 22.2%
Cape Cod • • • • • • • • • • • • • • • • 16.6%
Poconos • • • • • • • • • • • • • • • • • 16.6%
Upstate • • • • • • • • • • • • • • • • • •16.6%
Jersey Shore • • • • • • • • • • • • • • 5.6%
France • • • • • • • • • • • • • • • • • •  5.6%
Berkshires • • • • • • • • • • • • • • • • 5.6%
Florida • • • • • • • • • • • • • • • • • •  5.6%
Cancun • • • • • • • • • • • • • • • • • • 5.6%

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