The Shrinking Second Home

The Wall Street Journal covered a story back in August 2010 called "The Shrinking Second Home," and we still think it's interesting now. The article, by Juliet Chung, touted the trend of "affordable housing for the affluent." While it didn't cover the luxury fractional market, per se, it did highlight a growing niche catering to people seeking a second, or third, or even fourth home with top-of-the-line amenities like concierge, beach access or golf course access--that doesn't break the bank. It seems The Elan Collection isn't alone in our belief that owning a luxury vacation home need not tie up all of your financial assets or come with the stresses and responsibilities associated with typical home ownership...and we think that's just grand.