I wonder how people determine if a home is for “investment” or not. If a buyer is applying for a loan, would he not be better off saying that the house will be his primary residence so he can get a lower rate? Once the loan is funded there’s not much the lender can do if the investor rents out his home.
I guess, we could analyze property tax records and see how many of the total have homeowners’ exemptions. Those would for sure be investment or 2nd homes.
