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Second and Vacation Homes: Coldwell Banker Survey Says One Home is Never Enough With Baby Boomers — And It’s Way Cheaper than a Divorce!

Written by Candy Evans on October 13, 2011

(Above) John Raymond’s Cheese at Calistoga Ranch

There has been a lot of chatter out that the Baby Boomers might be the last generation to embrace home ownership. Well, a new study now says what I have long suspected: with Baby Boomers, one is never enough. The Millenials and offspring of the Baby Boomers tend to want smaller homes and fewer of them. This generation is also more likely to rent. But a new survey of Realtors acros the nation by Coldwell Banker tells me exactly what I am seeing happening among Baby Boomer peers: those in the 47 to 64 age bracket are delaying the sale of their large family homes, due to the sputtering market, and investing in second homes that may ultimately become retirement pads or family vacation spots.

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