It’s too bad that the data on second homes isn’t subdivided into those that are purchased for investment and those that are purchased as true second homes. I can’t imagine that more than 5% to 10% of these “second” home purchases were truly second homes so the 30% of them representing investment purchases seems right (especially the condo conversions, I don’t see many people buying those as a true second home). It sure would be nice to know for certain though.
