Having more than one home is now the norm for wealthy Americans, according to an Ameriprise Financial survey that found that about two out of three own a second home — and one-third of those who don’t already say they’re interested in acquiring one in the future.
Most who own a second home purchased their home as a vacation residence rather than as a source of rental income, and one common financial reason for purchasing a second home among high-net-worth individuals is that they plan to eventually make it their primary residence in the future. Read more