[quote=esmith]18 million number includes all second homes and vacation homes in the U.S. It’s above average (it’s been in 14-15m range during the boom) but it’s not going to zero.[/quote]
15 million? I’m just speculating, but the majority of that number must be new or foreclosed homes, i.e. not vacation homes.
Sure they account for some of that #, but 10% of that, say 1.5 Million vacation homes would be one for every 200 people in the country (including children). Apartment complexes with 200+ units are common and my guess is if you’re living in an apt, you probably don’t have a vacation home.
I’d be surprised if even 5% of that number is vacation homes.