How Rich Do You Need To Be To Buy a Second Home?

This is can be daunting question. To some people, even a first home may seem like a pipe dream. Yet more people are purchasing second homes than you may think -- and in surprising locations as well. According to the National Association of Home Builders, "the total count of second homes was 7.15 million in 2020, accounting for 5.11% of the total housing stock."

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