At The Money: Buying a Vacation Home with Jonathan Miller

AI is entering its most consequential phase where scale, safety and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Ireland and Schneider Electric. Learn more at BloombergLive.com slash Tech London. Have you thought about owning or buying a vacation property?

Would you like a place to take the family to on a lake, near the beach, or up in the mountains? I have, and I know a lot of our listeners have also. Let's bring in Jonathan Miller, CEO and founder of Miller Samuel. A highly rated data analytics and research firm covering the housing market. He has written a number of pieces on vacation homes, second property, luxury properties, and what's happening in that market.

So Jonathan, let's just talk a little bit about what's going on in the second home market, whether it's the luxury market or not, tell us a little bit about what's going on out there. Well, uh, you know, we had coming out of the pandemic, we probably had the biggest second home purchase boom in history as people were coming, you know, sort of re-engaging with the outdoors again after the pandemic. Um, and then in the last couple of years, we've actually seen a big drop-off in second home. uh purchases. Now it's I would describe it as n more normalized where it's more consistent with seven or eight years ago before the pandemic.

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