An new generation of buyers are splitting off from the traditional snowbird flock and changing the definition of home away from home. With low-cost travel corridors with multiple daily flights, advances in technology, and virtual workspaces, these folks choose to split their time between a primary residence and a second home or even third home.

With 75 million baby boomers heading into their golden years, experts say the splitter factor could alter the way developers build and manage the communities of tomorrow. “The implications for future growth are considerable,” says Kenneth Johnson, a demographer and sociology professor at Loyola University in Chicago. “[Splitters] are one of the fastest-growing demographic markets.” Other than mortgage-interest deduction, there may not be any additional tax advantages to owning a second home.

click here for article

search for : snowbird, virtual workspace, primary residence, second home, baby boomer, demographer, sociology, demographic, mortgage-interest deduction, tax

bookmark this article to your choice of sites