|
Vacation homes
and second homes are fast becoming the largest new
market for investment real estate.
The leading
edge of the North American baby boomers have now reached
age 59 and
this
aging segment of the population will create a huge
demand for the next fifteen to twenty years in resort
properties, placing a high importance on leisure time
and travel as they become empty nesters and inherit
billions of dollars.
Baby boomers
are the 76 million Americans born between 1946 and 1964
who now represent approximately one third of the U.S.
population. This generation has dominated consumer
demand for all products at every stage of its life
cycle, and is now dramatically affecting the demand for
second home real estate.
Today's young retirees are looking at multiple
low maintenance vacation homes: perhaps two or three
luxury condos in exciting cities they can visit
seasonally. And they want to be able to just lock the
door and walk away in between visits without worrying
about lawn mowing or exterior maintenance.
In response
to this growing demand the vacation home industry has
undergone substantial changes in the past few years. New
products have been developed to better fit retirees'
needs and budgets.
High rise residential condos
are a natural choice with world class amenities and
total on site convenience.
Condo hotels
offer many of the same choices and also produce an
income stream for periods when the property is not in
use. And the newest addition to the mix is
fractional real
estate
for those who want to own and stay in multi-million
dollar homes without maintaining them year round.
This site is being developed to
describe the various types of vacation home investments
and to target the best choices of investment real estate
around the country. Developers are encouraged to submit
their projects for inclusion on this site to:
sold@greatlasvegashomes.com
|
