
Vacation Homes Gaining Favor with InvestorsMake way stocks, bonds, mutual funds, and precious metals. A relatively new option -- vacation homes -- is gaining favor with investors. Christopher Cain, author of Your "Made in the USA" Vacation Home, said, "Buyers currently own 4 million U.S. vacation homes with a collective real estate value of about $1 trillion. "Here's an investment that adds fun, excitement, status, and enjoyment to your life. At the same time, a vacation home diversifies your portfolio with a solid real estate investment. Owners use their property when they please. Then, they rent their piece of paradise to other vacationers to help pay property expenses. Thirty percent of owners plan to retire to their vacation home," he said.Cain's new book features fun, fast reading packed with tips & tactics for owners and buyers including: * Time Line of the Vacation Home Industry.* A Travelogue to a condo in France: Almost Midnight in Paris* Bonus Section on the Orlando marketCain said, "Prior to World War II, the U.S. had second homes for the wealthy. These owners were the one percenters of their times. They rarely rented their properties. Renting was below their class and dignity. "Post war prosperity propelled sales of second homes. Working wives created dual income families. Successful business owners, entrepreneurs, sales agents, government workers, executives, teachers and other professionals bought second homes, but with a difference. These new buyers wanted to rent their vacation homes when they were not using them. A new American Industry was born." Cain said.The book outlines some of the millions of new jobs and exciting businesses created by the Vacation Home Industry including HomeAway, Airbnb, FlipKey, TripAdvisor, and Expedia. Thousands of rental management companies were created to help owners with their properties.Cain said, "More and more vacationers are discovering that a privately-owned resort home offers exceptional value and a better way t
Page Count:
102
Publication Date:
2016-09-16
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