April 12, 2025 • 53 mins
The second home revolution has arrived, and it's not what you might expect. Americans are reimagining how they live by embracing a dual-location lifestyle that was once reserved for the wealthy but is now accessible to remote workers, young professionals, and strategic thinkers.
With 6.5 million second homes across the United States (representing 5% of housing stock), this movement transcends luxury and enters the realm of practical lifestyle design. The game-changer? Remote work flexibility has untethered 28% of full-time American workers from a single location. This freedom allows people to design lives around seasonal energy—summers in mountain towns like Asheville where cool breezes provide respite from southern heat, winters along Florida's coasts where sunshine heals northern souls.
What makes this revolution truly remarkable is the financial equation. Through midterm rentals (1-6 month stays catering to traveling nurses, corporate relocations, and seasonal migrants), homeowners can offset costs and potentially earn more from owning two properties than one. Budget airlines like Allegiant have responded by connecting complementary regions with fares as low as $39, creating natural migration pathways between places like Asheville and Fort Lauderdale.
The concept isn't entirely new—seasonal migration began with wealthy families in the late 1800s when railroads connected northern cities to southern resorts. Today's difference lies in democratization; younger buyers under 45 are entering the second home market not for retirement planning but for immediate lifestyle enhancement.
Ready to explore how two homes could transform your life while potentially costing less than one? Whether you're seeking mountain air, coastal breezes, or desert warmth as your seasonal complement, we can help you navigate this exciting new approach to homeownership. Call us at 828-333-4483 to discuss how the second home revolution could work for you.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This is the Plain English Real Estate Show with
your host, rowena Patton, a showthat focuses on the real estate
market in terms you can easilyunderstand.
Call Rowena now.
The number is 240-9962 or1-800-570-9962.
Now here's the English girl inthe mountains, the agent that I
(00:20):
would trust, rowena Patton.
Speaker 2 (00:22):
Good morning and welcome back to the Real Estate
News Radio Show.
I'm your friend in real estate,rowena Patton, here with
All-Star Powerhouse at eXp, andcan you believe we've been
chatting on Saturday morningsfor our 13th year.
It feels like it was justyesterday.
We were getting started.
Maybe it doesn't for you, maybeyou just tuned in, and that's
(00:44):
fine too.
For those of you just tuning in, or maybe you're new to the
area, real Estate News Radio isyour go-to source for everything
you need to know about buying,selling and investing in real
estate.
And if you live in thebroadcast area today, I have the
link to listen.
Live anywhere atrealestatenewsradiocom.
(01:05):
And remember, if you'rethinking about listing your home
anywhere in the USA and Canada,give us a call 828-333-4483.
We've got agents standing by24-7.
This is Rowena Patton here atAll Star Powerhouse.
This is Rowena Patton here atAll Star Powerhouse, brokered by
(01:26):
eXp.
So let's dive into a fascinatingtrend that's really been
gaining some momentum the secondhome revolution.
And before you're thinkingabout, oh my gosh, this is just
people with money that have asecond home or a third home or a
fourth home, all these peoplethat are throwing their money
around and they can afford to dothat and it's so expensive.
(01:47):
And why would you do that?
There's a variety of reasonsthat we're going to dig into,
but here's the thing you canactually own a second home and
have it cost you less thanhaving one home, obviously
because of the rise of Airbnb orrenting things out.
And then you go, oh my gosh, Idon't want to be a landlord.
I've been through all thatbefore Obviously because of the
rise of Airbnb or renting thingsout.
And then you go, oh my gosh, Idon't want to be a landlord.
(02:08):
I've been through all thatbefore.
Well, there's ways around thattoo, but it's kind of
fascinating to learn the reasons, I think, especially as it's a
lot of young people doing thisas well.
You even may know some of themI know, for example, my niece is
renting a place in FortLauderdale, so she has a home
(02:28):
there.
However, she really doesn'tlike the summers and she makes
enough money at her job herregular job that she can take a
few months off, and she's amobile worker as well, so she
can earn money wherever she's at.
And, of course, that is anothermassive change, societal change
that's happened especiallysince the era of COVID.
(02:51):
So what's really behind thisshift.
Why are more people than everbuying second homes?
Not just as a splurge, but as astrategy?
And the next segment?
We're going to go throughabsolute numbers and, honestly,
it will shock you.
So it's not a splurge.
Sometimes it's a strategy.
(03:12):
Let's break down the threebiggest forces driving this new
movement.
So the first one is remote work.
They call it the freedom engine.
Let's start with the gamechanger.
Millions of Americans can nowwork from anywhere.
That's not a slogan, it's afact.
(03:32):
In 2023, 28% of full-timeworkers in the US worked
remotely at least part of thetime.
That number spikes even higherin industries like tech and
finance and consulting.
So this new flexibility meanspeople are no longer necessarily
(03:54):
tethered to one city.
Now, of course, you've got allthe issues that go on there
between is one person retired,are they both young, can they
both work with that flexibility,or do they not have a partner?
So often now, young people arestaying independent and not
(04:16):
having a partner, so that'sprobably doing it too.
I guess.
The good news is you don't haveto wait for retirement to spend
six months or three months, orwhatever it is, by the water, on
the ocean, in the mountains, inthe desert, by the grandkids by
the kids being 25 and justwanting to travel.
You just need good Wi-Fi and aplan.
(04:38):
I actually met somebodyrecently that lives in South
Florida, has a house in Londonand has a house in Spain across
all of that and he is retired.
But he retired very young afterselling a company.
So think about it you couldspend spring and summer in the
(04:58):
cool air of Asheville, then headdown to Florida or the Gulf
Coast or any of the other areasthat we're going to go through
today that have all kinds ofhistorical ties, for the winter
or while still working full-time, if you wanted to.
Perhaps you work part-time,perhaps your partner is mobile
and you don't work all kinds ofreasons.
(05:19):
It's not vacation, necessarilyit could be but it's just real
life, just redesigned in adifferent way, and, honestly,
you'll be very, very surprisedat how many people are doing
this.
So here's another big reasonmidterm rentals.
So you may have heard aboutshort term rentals.
Short term rentals areliterally that you see a lot on
(05:43):
Airbnb and VRBO where, dependingon whether it's permitted or
not, like for example inAsheville, it's very hard to do
short-term rentals downtownbecause, well, all kinds of
reasons that we've been into inall kinds of other shows.
So you know, it just depends onwhere you're at.
So here's the part most peoplemiss.
If you're not using your homeyear round, you can still make
(06:06):
money from it, and you don'teven have to Airbnb it weekly.
It could be a midterm rentaland again, you'd be very shocked
at how common and how popularthese are.
So midterm rentals, which aretypically one to six months,
which, of course, is perfect forwhat we're talking about here,
are a booming category.
So why is it booming?
(06:29):
Because of traveling nurses.
So there's around 2 millionactive traveling nurses probably
more than that in the US.
They make a lot of money andthey travel to where they're
needed.
And again, that comes fromhistorical basis, where it's
become very hard to recruitenough nurses in.
There's always a list, so thehospitals will pay for them to
(06:51):
move and pay them more.
Also, corporate relocations whatabout where people are
relocated?
It may be divorcing couples intransition, where they just need
something for three months, sixmonths.
Also, remote workers in need ofjust a change of scenery.
It's also a case whereby maybeyou're building a home.
(07:13):
What happens when you build ahome?
You want to go and look aroundthe area, especially if you're
moving, or maybe you're justmoving and you're not building a
home.
You may need something in thatinterim.
Now, if you are building a home, we have builder CPO, which you
don't have to worry about beinghomeless, which many people are
when they're building a home.
It's very hard for a builder tohit that absolute date.
(07:38):
What do I mean by that?
So here we are and your buildertells you if it's in our area,
it's probably going to be eightmonths to 12 months, even longer
for a custom home, 18 months,because we're in the mountains
Across the country.
A six-month build-out would befast.
It's very hard for the builderto know and you can look back,
(07:58):
by the way,realestatenewsradiocom,
realestatenewsradiocom click onthe podcast button there.
All of our live shows are thenpodcasts so that you can find
them and just look for thebuilder ones.
So builders find it very hardto you know.
Give you a date, okay, sixmonths.
The problem is you may haveheard of this thing called
(08:20):
tariffs, port closures.
Like everybody else, buildersyou know might have staffing
issues.
Suddenly, kitchens may costmore.
Suddenly there may be a backlogon getting the cabinets in.
Whatever it is, that can take alittle bit longer.
You'll know that it's very hardfor a builder, for all the
right reasons, to hit thatabsolute date.
(08:41):
Well, here comes, herein comes,the problem.
If you're building a house andyou're selling your home, how do
you know when to list it?
Oh my gosh, right, what kind ofpain is that?
Because you don't want to haveto go into one of these midterm
rentals.
Obviously, a lot of peopledon't know about this program,
so they end up having to have amidterm rental just to take some
(09:02):
of the stress off.
They have to move twice to themidterm rental and then to the
house, and often you have to putlots of your furniture in
storage.
So if you don't want to do that, go, check out, build a CPO.
What we really do is you don'thave to list your house.
Two thirds of our sellers makemore than with a regular listing
.
This works all over the country, by the way.
We've got agents, partneragents doing this all over the
(09:25):
country and what happens is, youknow, probably 80% of the time
it's very hard.
Probably 95% of the time it'svery hard for a builder to say,
six months out, here's theabsolute date.
I'll give you $100,000 if Idon't meet that date.
You know most builders wouldn'tdo that and there's nothing
(09:48):
wrong with that.
I'm not getting it builders.
There's all kinds of reasonswhy that's so difficult.
However, if you ask a builderand say you know when you're
getting your CEO the certificateof occupancy, that's when you,
as the home buyer, can move in,are you able to figure out 14
days out, the absolute date?
98% of the time it flips.
They can say yes.
So what that means is you canpress that cash offer button.
(10:09):
We've already got you approvedand everything else.
I just got one through theunderwriters right before we
went on air.
We can get that all fullyapproved for you.
So when you're ready to pressthat button, you'll get up to
70% of your money.
You can move into your new home.
We'll go into your old home.
We'll do the HGTV magic.
Two thirds of the time.
(10:30):
You'll make more money.
You'll get a second check.
What happens if you don't?
Average is 90 to 120%.
Remember, you haven't had totake out that midterm rental in
the second home revolution, soyou don't have that many.
You don't have the stress ofthinking when's it going to be
ready?
I don't know when it's going tobe ready.
You don't have to show yourhouse.
You don't have to have a signoutside, a lockbox on the door
(10:52):
or anything else.
So that works very well for thepeople who are building a home.
Same with corporate relocations, honestly, and divorcing
couples in transition too.
If you know, know about divorce, cpo we can get you out without
you needing the midterm rentalright.
Same with relocation.
Same thing Remote workersneeding a change of scenery.
(11:12):
We can't help so much in that,obviously, and you may be just
renting something for the fun ofit, which is fine.
So if you didn't know aboutthose programs, then we're
looking at midterm rentals foryour second home, the overlooked
cash flow in that.
So very often the midtermrentals pay more per month than
long-term rentals.
Most often you're getting 20,25%, 50%, sometimes double right
(11:36):
, because you have, in landlordterms, that's more of a turnover
.
It costs you to have a turnoverin the short term weather.
That's why Airbnbs and VRBOs ifyou could book them 365 days of
the year, you're making bank.
You're doing really well withthat.
So the midterm rentals aresomething in between a long-term
rental and that short-termrental, obviously.
(11:57):
So in other words, you could bein an area anywhere north
that's got chilly winters.
Basically, that's usually whereyou see it, snowbird time.
Or maybe you just want toexperience somewhere else.
Maybe you've got a new partneracross the country and you just
want to go and try it out forthree months.
It could be that all kinds ofreasons.
The most common one is thesnowbirds, obviously.
So anywhere north, many of youare thinking about right, sizing
(12:22):
, right.
So let's say you're not andyou've got this big old house
and you need to clear out allyour stuff anyway.
You'll be surprised what animpetus it is If you said honey,
you know what I really want to.
You know you're still workingremotely.
I'm not working now.
Or you know I'm retired and I'm45 years old yes, it happens
all the time in our new economy.
And or maybe both of you workremotely.
(12:45):
I just want to go work remotelyin the sun.
By the way, I did this for years.
So about 10 years ago I had Igot a great opportunity for a
foreclosure in Charleston.
Charleston for those of youlistening around the country or
elsewhere is about four hoursfrom Asheville.
I was working my socks off, sothose of you know me know
(13:05):
nothing much has changed.
However, I wanted somewhere toescape for the weekends.
It was so great so I could godown there and work for a week
and, you know, still be.
I had a tea, a big team andthat still taking care of the
any listings that I had, oranything like that.
I could still look in my, in myback end of my website, where
(13:26):
you'll raise your hand and say Iwant to see your house tomorrow
, all my team members could takeyou out.
Nothing changed except that Iwas having a change in scenery,
which was very, very nice.
I was by the coast and it wasonly four hours away so I could
drive there.
So it worked really, reallywell for me for about five years
and I went into divorce CPF atthat point.
(13:46):
So something changed in my lifeat that point where I no longer
had that place.
But you know, it was reallyreally great for a very, very
long time and we didn't chooseto rent out our house in
Asheville.
However, that would have been agreat thing to do because it
would have made us clean it upand remember you can rent out
(14:11):
either.
So, especially if you'resnowbirds and here's the
argument I hear here right Like,oh, nobody's going to want to
rent out a house in Asheville inthe winter.
You'd be shocked For all of thereasons that we went through
before traveling nurses,corporate relocations.
Maybe you want to build inAsheville, maybe you want to try
out Asheville.
I know of a couple recently thatlive in Charlotte, which, again
(14:31):
for those of you who don't knowthe area, is two miles, two
hours drive away from Asheville.
Neither is retired.
They want to come for longweekends.
They do get Fridays off,thursdays off sometimes, so
they're coming for a four-dayweekend.
And they did that for sixmonths because they wanted to
look around and see they werethinking about buying that
second home.
But they're looking at a secondhome at five $600,000, $800,000
(14:54):
.
It's very nice for them to beable to rent and they were
renting around $3,500 a month ina house with all their stuff in
storage where they're snowbirdsand they're down in South
Florida and coming back whenthat person you know is not
there in their midterm rentalanymore.
So all kinds of reasons.
Also, people say, oh yeah, well,you know, we have our place.
(15:18):
When everybody wants to bethere in South Florida in the
winter, nobody wants to be therein the summer, not true.
South Florida in the winter,nobody wants to be there in the
summer, not true.
Same thing.
I know of many people that rentout their places in Florida for
the summer.
Again, you've got people.
I know of one person who hasbeen in.
He's from New York.
He's been.
He's in his mid thirties.
(15:38):
He works in high tech.
He wants more opportunity inhigh tech for the company he's
working for, so he wants to goback to New York.
He's been living in high techfor the company he's working for
, so he wants to go back to NewYork.
He's been living in Miami nowfor something like the last four
years and he's going back toNew York.
However, he's not going backuntil October.
So, yes, he wants to rent forthe summer.
It happens all the time and it'snot hard.
(15:59):
You'll be surprised how it'sjust these limiting beliefs we
have about the lifestyle we have.
Oh, we can't, honey, we can'tpossibly afford a second home.
Well, what if I told you, notonly can you afford it, it might
even bring you in more money byhaving two homes.
Crazy, right?
You'd be shocked.
And I can show you examples ofthat.
(16:20):
Now, midterm rentals as well.
Whether you choose to do it onyour primary or the secondary
home that you have, or youchoose to do it on both.
There's easy ways to do that,especially if you can lock up
something in the home you've got.
Usually when you're doing yourmidterms and it's not the Airbnb
, there's less partying, peopleare doing it for work, so you
don't have to worry about thatso much.
(16:41):
Then you can actually rent both.
Let's say you're just rentingone, usually the one you're
going to for two months or threemonths or six months, whatever
it's at over the winter.
You've got storage or you've gotsomething there where the next
person can just come in and it'sfully furnished.
You're not thinking aboutstoring anything.
You can have a little lock andgo.
(17:02):
A lot of people have secondhomes.
They like having second homesbecause they can leave their
toothbrush there, the toothpastethere, the bikinis there, the
trunks there, the towels there,whatever it is.
We can still do that when youhave a small lockup and most if
it's condo, for example, mostcondo buildings have storage.
Or you can take something inthe closet.
You know, for 500 bucks buildout something that's lockable to
(17:26):
put your stuff in it.
But imagine, even in a low endcondo it's eighteen hundred
dollars a month.
That easily pays your HOA feesouth and probably is cash
flowing, depending on how muchyou've put down on the condo.
Thousand dollars, two thousanddollars a month Depends what
you've got.
Here.
We are in segment three already,which is all around living in
(17:49):
energy, not just location,lifestyle design.
Gosh, this sounds so Asheville,right, and it's all about why
more Americans are choosing tolive in two places.
It's not just Americans,actually, but for today's
purposes, not for luxury, butfor more of that energetic piece
, well-being, strategiclifestyle design, a life by
(18:10):
design.
So let's start with stats andwe're going to delve into, by
the way, a lot of historicreasons why these areas are
really popular, and even delveinto Allegiant flights and
looking why that ties two areastogether and what that is all
about.
So, before we talk about howpeople are feeling, let's take a
(18:31):
look at what people are doing.
Talk about how people arefeeling, let's take a look at
what people are doing.
There's 6.5 million second homesin the US.
That's about 5% of all housingstock, one in 20 houses.
It's amazing, right?
Not only that, the shadowinventory that's out there, the
Airbnbs, people living in twoplaces, where maybe they're
(18:52):
renting and living like my nieceis doing, living with friends
and family in a different placebecause they're living in two or
three places.
It's not even counting those,so we estimate it's about 10% of
housing stock.
That's one in 10.
That's amazing.
The average second home valuein 2023 was about $475,000.
(19:14):
It's more than a primary home.
That may be explained by thefact that a lot of these second
homes are by the coast, so thatmay be or in areas that are very
popular, so therefore it wouldbe more money.
So the average second home is$475,000 compared to $375,000
for a primary home.
So, for example, I love thisone.
(19:35):
In Cape May County and NewJersey, nearly 50% of all new
mortgages last year were forsecond homes and that's the way
they're tracking this.
Remember, in the main it'smortgage data.
So that's what I meant byshadow inventory.
It's only where somebodyactually gets a mortgage.
Not everybody gets a mortgage,especially in New York, for
(19:56):
example, right next door to NewJersey, of course, where a lot
of the condos are what arecalled co-ops.
Co-ops are not impossible toget funding on, but often people
pay cash.
So you know that may not evenbe recorded in our figures even
(20:17):
be recorded in our figures.
Here's a really big one Moreand more younger buyers under 45
are entering the second homemarket.
That just blows me away.
It isn't about retirementanymore.
It's about redesigning how welive.
I wish I'd known this 20 yearsago, honestly, because, well, 10
years ago I did have thatsecond home.
I was very blessed.
I picked up a littleforeclosure and it was at the
bottom of the market because ofwhat was happening in real
(20:38):
estate at the time.
But gosh, that was lifechanging for me and had we
rented either one of ourresidences out, we'd have
actually made money on the two.
It's amazing.
So this is really being drivenby a lifestyle choice, not a
luxury.
You know, we tended to think ofit as a luxury.
Oh, when you get enough money,I'll have a second home in X,
(20:59):
you know, I don't know Greece,or wherever you want to be.
Or or in Florida Get away fromthese winters, honey which is,
you know, most of the north,obviously.
So people are really rethinkingabout how they want to live.
(21:20):
It's not just about where thejob is, it's about what feeds
your soul.
The second home, even, isn'tjust about square footage or
beachfront views.
It's about that freedom.
It's about being able to askquestions like where do I feel
most alive?
Or what rhythms match my liferight now it depends on you and
your personality, right.
Where do I go to feel inspiredor to heal?
For me, that was Charleston.
I loved Charleston and it wasonly four hours away and I'd
bundle the doggies into the carand off we'd go.
(21:41):
I'd still work.
That didn't change at all, butit was just a change of place
and the sea air.
I love the sea air.
So instead of just having tochoose one place, people are
beginning to realize you don'thave to.
It's really about living byseason, energy, intention, call
it what you will, again,depending on you know who you
(22:01):
are, what your personality is.
So let's talk about mountains inthe summer, a very common one
for us in the Appalachia or inAsheville.
You know anywhere in themountains because we're in the
Appalachia, or in Asheville.
You know anywhere in themountains because we're in the
south.
So you're still south and it iscooler, right.
So it's cool, cozy, active.
It can get a little stinkinghot in the summer sometimes, but
(22:24):
it's not the same as what wecall the lowlands.
So guess what I'm going to lookat Asheville.
I know you're all shocked bythat.
So people who are living inhotter parts of the country
often retreat to the mountainsfor the summer and they're
escaping the heat andreconnecting with nature.
Mountain towns offer a mix ofwellness, nature, quiet culture,
(22:44):
perfect for a summer reset,unless you're downtown and then
it can be kind of noisy.
So let's look at Asheville,north Carolina.
It's long been a haven forFloridians and other Southerners
who are seeking relief from theintense summer heat.
It began in the late 1800s, whendoctors would prescribe
mountain air.
(23:05):
As an aside, I've seen thiswhere I've worked in different
areas.
I worked in Zurich, switzerland, for many years.
Different areas.
I worked in Zurich, switzerland, for many years.
You'll find mountain townsanywhere in the world tend to
have better healthcare systemsand this is why so in the late
1800s, doctors began toprescribe mountain air.
(23:28):
It's also why you find some ofthe best surgeons in the
mountains as well or close tothe mountains, because in the
late 1800s, or even before thatin other countries not as young
as the USA, the doctors moved tothe mountains to treat all the
people that were coming, anddoctors tend to have doctors in
the family, so it became afamily tradition.
(23:51):
So doctors were prescribingmountain air for conditions
which they didn't you know,sometimes didn't know what they
were like TB, tuberculosis andanxiety, things that they really
didn't know how to treat inthose days.
Some would say they knew how totreat them better, like send
them to the mountains andanxiety, you know.
Depression, single moms that,oh my gosh, you know.
(24:11):
Instead of putting them in aninstitution for the work of the
devil, they'd send them off tothe mountains.
And then by the 1920s it becamea very popular seasonal
destination for wealthy families, especially from coastal
Florida.
But you see, it's notnecessarily the wealthy now, but
it created that link, that link, that path where those wealthy
(24:31):
families had children that getto know the mountains and some
of them end up settling there.
So this happened, especiallyfrom coastal Florida, where they
were escaping themosquito-borne illnesses and
outbreaks from the summerhumidity back in the day.
Of course I mean not that itdoesn't happen now, but we spray
for that.
And now we deal with all theother terrible diseases right,
(24:53):
probably caused by some of thosesprays, but that's a whole
topic for another show.
So today offers that same coolbreeze we do still get those
cool nights, lush trails, very,very green Anybody in Asheville
will tell you how green it isand that vibrant culture that's
there.
Yes, we had the hurricane comethrough.
(25:15):
But, oh my gosh, we're heartyfolk in the mountains.
Music, food, art, it's allstill here and it's all wrapped
up in nature and it's really aplace that lets you breathe.
You'll notice when you'reflying in.
A lot of people are at thewindows taking pictures because
the mountains from the air arequite remarkable.
Here's another one Bend, oregon.
(25:42):
So Bend has exploded inpopularity for second home
buyers from California.
So people who work in the Bayor LA somewhere like that often
retreat to Bend in the summer,where the air's drier, the
landscape's dramatic and thelifestyle's a mix of rugged and
upscale, lots of outdooradventure hiking, kayaking,
cycling but also more peacefuland more simple than where
(26:02):
they're coming from.
Historically, bend was a timbertown that reinvented itself.
Now it's known as a playgroundfor creatives, entrepreneurs and
nature lovers who want thatseasonal shift creatives,
entrepreneurs and nature loverswho want that seasonal shift.
And then we've got ocean ordesert in the winter, sunny,
expansive, healing places,sarasota, florida perfect for
the winter escape.
(26:23):
Historically, it became knownin the early 20th century as the
winter home of the RinglingBrothers Circus.
That cultural DNA and that'swhat it is runs deep opera,
ballet, visual arts institutionsfar beyond what you'd expect in
a city that size palm.
And of course these are.
You know some of the reasonswhy all of this happened.
(26:43):
And we could should, of course,go back to Asheville and talk
about the Vanderbilts where theybuilt the Biltmore house, which
is in the top three mostpopular tourist attractions in
the country.
Obviously that created a bigdraw for people coming to
Asheville.
And there's lots of otherreasons for all of these areas.
I'm just touching on these.
(27:04):
We did Sarasota already.
Palm Springs, californiadifferent kind of soul, open
landscapes, warm air, thatmid-century charm that's there.
Palm Springs obviously hisfavorite winter retreat since
the days of Sinatra and Monroe.
Just a wink back to you knowthe old times.
(27:24):
Creatives, designers love itthere.
It started when Hollywoodstudios had rules that stars
needed to be within two hours ofLA.
So Palm Springs became thego-to escape.
And of course it creates thatDNA of the cities the proximity
of the city but the distancefrom the noise.
The Gulf Coast, texas, rockport,port Aransas, galveston, those
(27:48):
places, those are theunder-the-radar coast areas
where buyers from Dallas, austin, houston have been snatching up
second homes for decades.
Historically, these towns grewfrom fishing and shipping ports
and the seasonal migration beganas early as the 1950s.
But it creates again that DNAright where families settled
there over time.
(28:09):
Maybe the kids stayed behindand said I'm not going home.
I'm sure you all watched WhiteLocust recently and saw that
happen.
Today families come for thefishing bird watching.
Calm winter temperaturesPerfect counterbalance to that
urban living.
So there's a lot, you know.
There's New York City and theHamptons or Hudson Valley we're
clearly going to have to do awhole show over these areas and
(28:31):
Washington DC and Hilton Head,for example.
It's not a new idea, guys, it'sa reinvented one.
It's a practice of seasonalmigration isn't new.
We all think we just inventedit.
In the late 19th and early 20thcenturies.
It was common, especially foraffluent families.
Then, you know, people couldn'tafford to fly back in the days
(28:51):
when everybody dressed up to fly.
This lifestyle was madepossible by the expansion
shocker of the railroad system,which allowed people to travel
easily between the northerncities and the southern resort
towns.
And that's a whole show initself.
The Vanderbilts, you know, theyhad it down to an art.
There are urban mansions in NewYork and opulent retreats like
the Biltmore Estate in Asheville.
They were built for seasonalliving.
(29:13):
You summered in the mountains,you wintered by the water.
That rhythm wasn't just aboutthe climate, it was about the
energy and they could afford todo it then.
It's a little different now,because guess what A lot of it,
honestly, is that we can flycheaply.
Right, we've got things likeAllegiant Air, for example.
Allegiant Air specializes inconnecting the more underserved
(29:36):
markets in the country withpopular vacation spots.
Facilitate it.
Well, when we say vacation,obviously a lot of that can be
for second homes or second areasthat we like to go to.
It's what we've been talkingabout all day today.
That you know people arelooking to.
What we've been talking aboutall day today that you know
people are looking to if they'recold in the winter, get away to
(30:00):
the sunshine for a little bit.
And we're human beings and wetend to go to the same place.
That's why, by the way, when youhave an Airbnb, if you've ever
been thinking about investing inAirbnbs or VRBO short-term
rentals or mid-term rentals,especially short, short term
rentals tend to make their moneyin year two.
Why?
Because and think about this ifyou've tried out an Airbnb
(30:21):
anywhere else in the country,you go and you try one out and
you either love it or you don'tlike it so much.
If you love it, what do youthink?
The chances are you'll go backto the same one next year?
Pretty high.
So year two is when Airbnbsmake their money, which means
all those people that love it.
You've now got a set group ofpeople that are coming back the
(30:42):
next year.
So now you've only got half theyear to fill right.
If you wanted 100% occupancy,say, in your Airbnb, you're
trying to make money obviouslyyou wouldn't be doing it.
There's lots of things that goalong with that.
It's not free money, obviously.
So think about that for asecond.
That's why when you go to aplace, you tend to go back to it
.
So Allegiant goes what's goingon here?
(31:03):
We need to put an airline inhere.
And not only is it.
You know they start out withone a week or two a week between
routes, and then when they getpopular and they're booked out
all the time, they add routes.
So that tells you somethingabout these cities that are
connected together, and oftenit's because of second homes and
(31:24):
wanting a dual lifestyle, evenif that dual lifestyle did you
hear the English creep in there?
I said dual lifestyle.
It's called dual in England,not door, just saying so.
For example, allentown,pennsylvania, abe.
So that's Orlando, sanford inFlorida.
So after Allegiant it's asmaller airport, but they call
(31:46):
it Orlando.
It's really Sanford.
It's because more peoplerecognize Orlando.
So, in other words, if you'rein Allentown, you're like, oh, I
want to go to Orlando.
You're not going into thedirect big airport.
Maybe, however, they're goingto call it Orlando because
you're more likely to recognizeit as that.
Does that make sense?
So this is the number onemarket share route, believe it
or not.
Allentown, pennsylvania toOrlando.
(32:07):
I wonder why it caters to theNortheasterners seeking
Florida's warmth during coldermonths.
Let's dive more.
Number two I was shocked bythis.
I thought it would be FortLauderdale, but we'll talk about
that in a minute.
Asheville to Orlando it'sactually Sanford, but it's okay,
it's close enough.
(32:27):
It connects the Appalachianregion to Central Florida, ideal
for seasonal transitions.
You know that a lot of peoplefrom the north end up retiring
to the Orlando area.
Now, why do we think that mightbe no-transcript?
(32:49):
I don't know.
You tell me.
We'd love to hear your thoughtson this, by the way.
Then we've got number three.
Get this one Fargo, northDakota.
And, by the way, this is allabout real estate in the main If
you're wondering why we'retalking about flights, because
these are cities that areconnected Fargo to Phoenix.
(33:09):
They have 80% of the marketshare.
It's amazing.
Links the Northern Plains to theSouthwest Again, popular among
snowbirds.
Here we go again.
Bellingham, washington to LasVegas.
Provides Pacific Northwestresidents with access to desert
retreats.
Same thing again.
Number four, guys.
It's amazing.
Here we come in again.
(33:31):
So Asheville is in the top fivetwice.
That tells you something.
Asheville, north Carolina, toFort Lauderdale.
They call it Miami, but we'vegot Fort Lauderdale here.
It's Clearwater to Asheville.
Isn't this interesting?
It's the other way around.
(33:56):
Supports Floridians seekingcooler summer climates in the
mountains.
That's the reason most oftengiven.
Here's another one Phoenix toProvo.
I hope I'm pronouncing thatright.
Provo, utah, sorry guysConnects desert living with
mountainous regions appealingfor seasonal changes.
(34:17):
Interesting, it's the other wayaround again.
So this is the desert to themountains.
I should know Utah by now.
I'm not sure where Provo is, myapologies, is it where skiing
is?
I should have done the researchon that before the show.
But I'm sure I'm going to getlots of response to you on the
podcast.
This goes out live, but on thepodcast or on all of the social
(34:40):
media that it's on afterwardsgoing.
You idiot, that's where theyski.
Ok, I will look at that if Ipromise so.
Cincinnati to Myrtle Beach.
I thought I'd done pretty wellfor now with all these other
areas.
Number eight comes in Cincinnati, ohio, to Myrtle Beach, south
Carolina, popular amongMidwesterners seeking beach
(35:00):
vacations or second homes, bevery interesting if we did a
deep dive into the history ofthat.
Know too that often that'sdriven by a small group of
friends.
Once going to an area you knowmaybe it's drivable, it could be
highways back in the day, itcould be a train route back in
the day.
One group of friends andthey're all social and they
(35:23):
bring another group of friends.
They're like oh, we like ithere, you know.
And then people retire thereand there becomes this trailway
opened, if you like, trailwayopened, if you like.
Number nine Indianapolis toPentagorda, florida, serves
Hoosiers looking for I'm sosorry, I hope I'm pronouncing
this right.
I'm going to be so shocked.
(35:44):
Just blame it on me beingEnglish, okay.
Looking for Gulf Coast retreats.
Columbus, ohio to Savannah.
Collects Ohio residents to thehistoric charm.
Good job, I can laugh at myself.
Right Of the southeast coast.
Knoxville, tennessee, toSarasota, florida.
Think about these Floridianones as well.
(36:04):
There's a lot going to Floridaand obviously we know that
Florida is one of the statesthat so many people are moving
into.
But interestingly, you'll findthat people come from the north
to the west coast or the eastcoast.
Why do you think that is Inmuch it's from the history of
the railroads.
Secondly, it's the highways,what we just talked about, but
(36:25):
also it's friends.
It's when friends and familysettle there.
So Knoxville to Sarasotafacilitates travel between the
Smoky Mountains or even theMokies Mountains and Florida's
Gulf Coast.
So that is snowbirds.
It's like oh, it's chilly herein Knoxville in the winter, so
we're going to go to the GulfCoast.
(36:47):
Beautiful area of the country,grand Rapids, michigan.
Well, I know it's going to beMichigan to Orlando, right,
because you're not going Orlandoto Michigan very often,
although honestly, you knowMichigan's beautiful in the
summertime.
You've got the mosquitoes insome areas.
But this one is going fromGrand Rapids to Orlando, which
(37:08):
means obviously it goes theother way too, but it's driven
by the Michiganders seekingFlorida's warmth.
Then we've got Peoria, illinoisto I so hope I'm saying it right
to Las Vegas.
I hope you're all giggling athome, which is just fine.
I hope I can make you laugh ona Saturday morning.
It's been 13 years of havingSaturday mornings with you, so I
(37:30):
hope I can make you giggle atthis point.
So Peoria to Las Vegas providescentral Illinois residents with
access to desert entertainmentand relaxation.
We just added a Las Vegas agent.
Actually, we'll talk about himover the next few shows.
We're so.
We're all so excited about it.
This is in the cash CPO nichesfor helping you with builders,
(37:55):
senior living, all of that goodstuff.
We just added an agent in LasVegas.
I'm so excited.
Everybody in the group is soexcited.
It's like, okay, we're allgoing to Vegas.
Then we've got Des Moines, iowa,to Phoenix Mesa.
At least I didn't say DesMoines, right?
So that connects the Midwest tothe Southwest ideal for winter
(38:15):
escapes.
There we go again.
It's amazing how many of theseguys are around winter escapes.
We're going to get to Ashevilleones in a second, although we
already made, I think, three ofthem in the top 10, which is
crazy, and a lot of you are fromthese areas.
I think you find it interestingand we've got people listening
all over the country, so youknow it helps to know where all
these places are related.
This is the top 20 list fromAllegiant Air.
(38:38):
If you just tuned in, this isRowena Patton, real Estate News
Radio.
If you're thinking about anykind of real estate wealth,
whether it's for a second home,a full-time home, whether you're
investing in real estateshort-term rentals, whatever it
is, we're all about real estatewealth management.
If you need money out in 14days, whatever it is, we can
(38:59):
help you with that all over thecountry and now in Canada as
well.
Can't wait to help you.
And it's 828-333-4483,.
828-333-4483, 828-333-4483.
4483.
828-333-4483.
We've got our receptioniststanding by 24-7.
(39:20):
Yes, really, you can call themat 2 o'clock in the morning.
They will take a message ifit's that point, because I don't
stay up that late.
Just saying, but they will takea message at any point from
anywhere in the country.
We can help you.
We've got a lot of knowledge,as you've probably noticed
across this amazing team ofpeople.
So, number 15, here we go.
(39:41):
Countdown time Top 20.
Bangor to Orlando.
What do you think that's for?
Serving the Northeasternerslooking for a break from harsh
winters?
A lot of those Bangor peopleare also I'm not sure.
Are you called Bangorites?
I don't know what you're called.
Sorry, guys Are also in SouthFlorida as well, not just
(40:05):
Orlando, which is more central.
You know northern centralFlorida, they're in South
Florida as well.
So they're going down on thosedifferent routes.
And then you've got Lexingtonto Fort Lauderdale.
Links the Bluegrass State toSouth Florida's beaches.
Same thing again, seeing atheme here, guys.
Then you've got Harrisburg,pennsylvania, to Myrtle Beach,
popular among Pennsylvaniansseeking coastal retreats.
(40:26):
I guess it's almost boringsaying it over and over again.
Right, springfield, missouri,that's, I believe, the Ozarks.
So that's the Ozarks going toLas Vegas.
Oh, missouri, that's, I believe, the Ozarks.
So that's the Ozarks going toLas Vegas.
Oh yeah, if it is the Ozarks,which I believe it is, I think
it is Springfield, right.
So I am famous for havingrolled a golf cart in the Ozarks
(40:48):
, but that's a whole other story.
And then we've got Appleton,wisconsin, to Phoenix, arizona.
No, shock again, wisconsinresidents to the warmth of the
Southwest.
Then we've got Omaha to Orlando.
Speaker 1 (41:03):
Why do you think?
Speaker 2 (41:04):
that might be Travel between the Great Plains and
Florida attractions.
Now I'd like to do a deep divethis is a fun one, I think on
Allegiant Air non-stop routesfrom Asheville, north Carolina.
Number one this didn't shock meat all.
It came in in.
Both of these came in in thetop five, so I'm gonna have the
(41:27):
lowest fares for you as well.
So funny thing is, you know, atthis time of year you may just
want to get a suntan for thesummer.
The summer's almost here, guys.
We've had some hot, hot daysalready in the mountains.
It's always confusing in themountains in spring and fall,
because one minute it's like thedepths of summer and then, oh
we, we might have a big storm orit might be really chilly again
(41:48):
and nip all those birds.
Let's hope not.
So number one for Ashevilleright, these are all Asheville
based ones.
Well, they're not Ashevillebased, it's where they're going
Fort Lauderdale.
Asheville to Fort Lauderdale thelowest fare is $39.
It's crazy.
This one's been going for along time.
Again, normal thing that theydo.
They used to do, I think, oneflight either way and you can go
(42:11):
back and forward on that oneflight.
So Tuesdays you went to FortLauderdale, tuesday night you
came back to Asheville.
That has changed.
Guys is every day, every singleday.
Lowest fare is 39.
So I know somebody that had aplace down here that used to buy
six tickets at that 39 dollarrate and then put insurance on
them to change them or not evenbother, because he always said
(42:34):
you know what this, this gets meaway every couple of months or
every month.
He'd buy like six of them, sixtimes 39, by the way, is
obviously a normal one airfareso he could get six tickets and
he'd just hop on the flight.
It's really easy to get to theAsheville airport for most
people at least and be in FortLauderdale, where he had a
(42:57):
little place anytime he wantedto.
And if he didn't go and use acouple of those tickets on the
dates that he set, he didn'tcare because it was $39.
Why is it popular?
It connects Asheville to SouthFlorida's beaches and cruise
ports and you can be in ifyou're outside traffic.
It is 12 minutes from theairport to the beach 12 minutes.
(43:20):
Now, if you're in traffic itmight take you 30 minutes, but
it's not far, which means thatyou can get an uber.
Another important thing whenyou're in one of these big
cities like Fort Lauderdale,orlando or Tampa all of where
we're going to in a second inthe top 10 from Asheville you
can very cheaply Uber.
It's not like Asheville whereUber is difficult to get.
(43:40):
You can go to Fort Lauderdaleand live a mile off the beach.
You can get a condo I'm notkidding you for $150,000.
People don't realize this.
I've seen them at 120 actuallya mile off the beach, and then
you can Uber to the beach for Idon't know eight bucks.
Of course, ubers go up whenit's popular, right, so it might
cost you 12 bucks.
(44:01):
You don't have to think aboutparking.
You don't need a car down there, anything like that.
That's why it's so popular.
And I can't do all of thesedrive times.
But Fort Lauderdale is about 11hours drive time.
So if you want to get in thecar and go to your place that
you own down there, you can dothat too.
And, by the way, I can give youlists of all the inexpensive
(44:21):
condos I'm talking about in FortLauderdale.
So just hit us up.
828-333-4483.
This is Rowena Patton on theReal Estate News Radio Show.
If you've just tuned in, we'vegot people standing by 24-7,.
828-333-4483.
Let's talk about the next onefrom Asheville, orlando, to
(44:43):
Orlando, sanford Lowest fare$49,.
Guys, you like going to Disney?
$49.
There you go.
You might want to go twice ayear.
Oh gosh, that sounds terribleto me, but I get it.
But especially if you've gotkids or you're going to see the
grandkids.
Either way, right, or you'rejust a big kid.
That's fine too.
Why it's popular providesaccess shocker to central
(45:05):
Florida's attractions appealingto families and seasonal
travelers.
Tampa St Pete I moved to TampaSt Pete for a moment.
Tampa St Pete I moved to TampaSt Pete for a moment.
Actually, we were buying aplace there back in 2005.
I love the Tampa St Pete area.
Flights from Asheville lowestfare $49.
Remember, you can buy these inadvance.
(45:25):
If you don't use them, yes,you're not going to be happy
about throwing $49 away, but buytwo or three of them.
You've got three flights for$50 each.
It's insane, guys.
Why it's popular?
Obviously it links us toFlorida's Gulf Coast and you
might want that.
West Coast, orlando, florida wealready talked about that one.
Why is Orlando?
(45:45):
Oh, that's Orlando, actual,florida airport, again, lowest
fare if you want to go directlyinto MCO rather than SBF, which
is Sanford, depends what sideyou want to be that MCO rather
than SBF, which is Sanford,depends what side you want to be
.
That's direct access.
The flights are probably alittle bit more, I'm not sure,
but the lowest fare is 49.
Boston why is that popular?
Actually, new England's, whyI'm here.
(46:06):
Boston's why I'm here.
I went there when I was 19.
I'm like I've got to get to theStates.
So it connects ashville to newengland.
Obviously facilitates travelfor both tourism and business.
Las vegas oh, the boston fairs.
Lowest fairs 53.
Obviously if you're booking aweek out, you know sometimes
it's not available and you won't.
You know you're not going tofind those low fares.
(46:27):
But here's the thing to do,guys if, if you want to go to
boston, choose when you want togo to boston and make it a few
months, to make it six monthstime, Go buy that fare for $53.
So why it's popular?
Obviously we know why it'spopular.
Las Vegas Do we even have tosay why that's popular?
$79, to almost go cross countryto Las Vegas, $79.
(46:49):
That's crazy.
Direct route, obviously, to LasVegas.
I don't think we have to talkabout why that's popular.
Denver, colorado lowest fare $64.
That's insane, guys.
And now we're mountains tomountains, right?
So different kind of.
I mean people in Denver,colorado go.
You don't know mountains ifyou're in Asheville, right, but
it connects these twomountainous regions.
(47:09):
So if you live in the mountains, one of the reasons it's so
popular in Asheville is because,especially if you're younger,
all right, you might be 50 andmountain biking too.
Whatever connects to you mightlike to mountain bike, you might
like to hike.
Maybe you start out mountainbiking, then your knees start to
hurt a bit, you start hiking,who knows?
And it appeals to outdoorenthusiasts, obviously, and
(47:32):
those with dual residences aswell.
A lot of people between Denver,colorado and Asheville have
those dual residences.
Sixty four dollars, it's insane.
New York, newark this is afavorite one for me when I when
I do ads you know I do ads, tvads Sometimes I fly into Newark.
Newark is really easy to get todowntown New York.
(47:53):
It's about as easy as all theother airports $44 to get to New
York and back.
So if you're going to New York,always think about Newark, it's
really not that far out.
And Newark, new Jersey.
It's across the bridge, right,but it's not very far.
And again, you can stay inNewark generally much more
cheaply than you can.
You got to go to the rightplaces.
(48:14):
Obviously there's great eatingthere as well.
It's easier to get intorestaurants and you can still go
out for not even a day trip.
It's so cheap to get to.
To get to downtown you can takean uber to downtown New York,
but you're not staying in theexpensive um, uh, more expensive
, should I say.
It's not inexpensive in Newark,but you're not staying in the
more expensive hotels.
(48:35):
Um, a lot of celebrities livein new at new jersey I'm sure
you'll know this and it's rightnext door to manhattan, so real
easy to get to.
I've done it myself many times.
Here's a good one key west,florida.
It's number nine guys fromasheville.
Number nine most popular $55.
If you like Key West, go buy awhole bunch of these.
(48:58):
By the way, allegiant's notpaying me for this.
People think I'm a paid sponsor.
I'm not at all.
It's ideal for quick getaways.
Do we even have to talk aboutit really, are you going to fly
to?
This probably started with theFort Lauderdale flights and then
you were taking a car, whichyou can also do.
(49:19):
It is a nice drive down to KeyWest.
It's quite a long drive andanybody who's driven down to the
Keys I used to live in Miami.
I've done it numerous times.
It's a one-lane road ortwo-lane road.
You've got to go both waysright.
So it's a two-lane.
It can be very slow and you canget very drunk on the way down.
Of course I'm not speaking fromexperience, maybe a decade or
two ago On the way down,stopping at places like Marathon
(49:41):
and other places that you usedto go for your March spring
break back many years ago.
For some of you just saying Thenwe've got Punta Gorda, fort
Myers the lowest fare.
I still can't get over Key West.
Now you can fly direct to KeyWest for $55.
Punta Gorda, fort Myers thelowest fare.
I still can't get over Key West.
Now you can fly direct to KeyWest for $55.
Punta Gorda, fort Myers solowest fare $52.
Now it's serving Southwest, soyou're getting further down
(50:06):
there.
Very popular with retirees andvacationers, so in the winter
it's likely to be a bit warmer.
When I was in England, the onlyplace I'd think of going to I
was doing flights.
I'm English, like we fly allover the place I went to.
I could name countries all overthe world I've been to.
Generally I wanted warmthbecause it's so gray and chilly
in the winters in England thatI'd only think about Miami or
(50:29):
South Florida which I never wentto, by the way, when I lived
there because it was warm butyou weren't guaranteed above 80
degrees.
However, the further south yougo, the warmer, it's going to be
right.
So if you're coming from thenorth and you want it warm,
you're going to go moresoutherly in Florida, phoenix,
arizona $59.
I love Phoenix, I just love it.
(50:50):
So it connects you to thesouthwest desert climate.
If you have asthma or somethingwhere you're affected by the
humidity, you've got that dryclimate and you can as well go.
You know it gets very hot,above 100 degrees in the middle
of the summer.
However, you can.
Everybody, most of you know youcan stand that dry heat better
than you can.
The moist heat, the moist heat.
(51:10):
People don't like it when I saymoist for some reason, but the
humid heat, um, you know, makesit feel hotter.
So the dry heat there.
Number 12 gosh, I better got tostart going quickly.
How do we get through so many?
Number 12 west palm beach,florida's atlantic coast.
So seasonal residence again 46dollars, dollars.
Bradenton, florida, very, verypopular.
(51:32):
I have another agent therewho's absolutely amazing $44,.
Go check it out.
I'll hook you up with her.
All of these areas I can giveyou, honestly, the best agent in
the business that knows how todo things at a whole different
level.
Austin, texas, texas.
You can get to them.
$55.
You know they have Keep AustinWeird.
(51:54):
We have Keep Asheville weird.
Funky music, tech industries.
They say that, um, I went toaustin 20 years ago.
They say that ashville nowlooks like austin 20 years ago.
I can attend to that.
We have all the hotels and allthe things coming in.
Not everybody likes that inashville.
Houston, let's move on quickly.
$49.
Provides access to one of thelargest, houston's, one of the
(52:16):
largest cities in the US.
Obviously Business and leisuretravelers, obviously it's
Houston, chicago.
$51.
Be careful when you go.
Just saying it can get a bitchilly.
This is the Midwest's largestcity.
Chicago is a fantastic city.
Family, business, tourism,business and number 17,.
(52:37):
The last one on our list Destin,one of my favorite beaches.
It's probably my favorite beach.
Destin in Florida, beautifulwhite beaches.
It's a little more northerly soit's going to be a little bit
cooler generally.
Don't quote me on that, becauseyou're going to go there and
it's going to be stinking hotand you're going to blame me for
it.
$49.
(52:59):
Go buy those tickets.
If I like to go to Destin and Iwas back in Asheville and I
didn't have another destinationin Fort Lauderdale I'd be buying
up those Destin tickets.
I might just do that anyway,because that's incredible $49,
right.
However, buy them ahead, andthat's why they're so cheap.
Or buy them for next week,because you need a break.
As usual, it goes by way toofast.
(53:21):
Guys, thanks for listening.
I'll see you on the radio nextweek.
828-333-4483.
Let's get your second home, oryour first home, going and your
other one sold.
Speaker 1 (53:33):
This has been the Plain English Real Estate Show
with Rowena Patton.
Visit Rowena and post yourquestions at radioashvillecom or
call her at 828-210-1648.
This is the Plain English Real Estate Show with
your host, rowena Patton, a showthat focuses on the real estate
market in terms you can easilyunderstand.
Call Rowena now.
The number is 240-9962 or1-800-570-9962.
Now here's the English girl inthe mountains, the agent that I
(00:20):
would trust, rowena Patton.
Speaker 2 (00:22):
Good morning and welcome back to the Real Estate
News Radio Show.
I'm your friend in real estate,rowena Patton, here with
All-Star Powerhouse at eXp, andcan you believe we've been
chatting on Saturday morningsfor our 13th year.
It feels like it was justyesterday.
We were getting started.
Maybe it doesn't for you, maybeyou just tuned in, and that's
(00:44):
fine too.
For those of you just tuning in, or maybe you're new to the
area, real Estate News Radio isyour go-to source for everything
you need to know about buying,selling and investing in real
estate.
And if you live in thebroadcast area today, I have the
link to listen.
Live anywhere atrealestatenewsradiocom.
(01:05):
And remember, if you'rethinking about listing your home
anywhere in the USA and Canada,give us a call 828-333-4483.
We've got agents standing by24-7.
This is Rowena Patton here atAll Star Powerhouse.
This is Rowena Patton here atAll Star Powerhouse, brokered by
(01:26):
eXp.
So let's dive into a fascinatingtrend that's really been
gaining some momentum the secondhome revolution.
And before you're thinkingabout, oh my gosh, this is just
people with money that have asecond home or a third home or a
fourth home, all these peoplethat are throwing their money
around and they can afford to dothat and it's so expensive.
(01:47):
And why would you do that?
There's a variety of reasonsthat we're going to dig into,
but here's the thing you canactually own a second home and
have it cost you less thanhaving one home, obviously
because of the rise of Airbnb orrenting things out.
And then you go, oh my gosh, Idon't want to be a landlord.
I've been through all thatbefore Obviously because of the
rise of Airbnb or renting thingsout.
And then you go, oh my gosh, Idon't want to be a landlord.
(02:08):
I've been through all thatbefore.
Well, there's ways around thattoo, but it's kind of
fascinating to learn the reasons, I think, especially as it's a
lot of young people doing thisas well.
You even may know some of themI know, for example, my niece is
renting a place in FortLauderdale, so she has a home
(02:28):
there.
However, she really doesn'tlike the summers and she makes
enough money at her job herregular job that she can take a
few months off, and she's amobile worker as well, so she
can earn money wherever she's at.
And, of course, that is anothermassive change, societal change
that's happened especiallysince the era of COVID.
(02:51):
So what's really behind thisshift.
Why are more people than everbuying second homes?
Not just as a splurge, but as astrategy?
And the next segment?
We're going to go throughabsolute numbers and, honestly,
it will shock you.
So it's not a splurge.
Sometimes it's a strategy.
(03:12):
Let's break down the threebiggest forces driving this new
movement.
So the first one is remote work.
They call it the freedom engine.
Let's start with the gamechanger.
Millions of Americans can nowwork from anywhere.
That's not a slogan, it's afact.
(03:32):
In 2023, 28% of full-timeworkers in the US worked
remotely at least part of thetime.
That number spikes even higherin industries like tech and
finance and consulting.
So this new flexibility meanspeople are no longer necessarily
(03:54):
tethered to one city.
Now, of course, you've got allthe issues that go on there
between is one person retired,are they both young, can they
both work with that flexibility,or do they not have a partner?
So often now, young people arestaying independent and not
(04:16):
having a partner, so that'sprobably doing it too.
I guess.
The good news is you don't haveto wait for retirement to spend
six months or three months, orwhatever it is, by the water, on
the ocean, in the mountains, inthe desert, by the grandkids by
the kids being 25 and justwanting to travel.
You just need good Wi-Fi and aplan.
(04:38):
I actually met somebodyrecently that lives in South
Florida, has a house in Londonand has a house in Spain across
all of that and he is retired.
But he retired very young afterselling a company.
So think about it you couldspend spring and summer in the
(04:58):
cool air of Asheville, then headdown to Florida or the Gulf
Coast or any of the other areasthat we're going to go through
today that have all kinds ofhistorical ties, for the winter
or while still working full-time, if you wanted to.
Perhaps you work part-time,perhaps your partner is mobile
and you don't work all kinds ofreasons.
(05:19):
It's not vacation, necessarilyit could be but it's just real
life, just redesigned in adifferent way, and, honestly,
you'll be very, very surprisedat how many people are doing
this.
So here's another big reasonmidterm rentals.
So you may have heard aboutshort term rentals.
Short term rentals areliterally that you see a lot on
(05:43):
Airbnb and VRBO where, dependingon whether it's permitted or
not, like for example inAsheville, it's very hard to do
short-term rentals downtownbecause, well, all kinds of
reasons that we've been into inall kinds of other shows.
So you know, it just depends onwhere you're at.
So here's the part most peoplemiss.
If you're not using your homeyear round, you can still make
(06:06):
money from it, and you don'teven have to Airbnb it weekly.
It could be a midterm rentaland again, you'd be very shocked
at how common and how popularthese are.
So midterm rentals, which aretypically one to six months,
which, of course, is perfect forwhat we're talking about here,
are a booming category.
So why is it booming?
(06:29):
Because of traveling nurses.
So there's around 2 millionactive traveling nurses probably
more than that in the US.
They make a lot of money andthey travel to where they're
needed.
And again, that comes fromhistorical basis, where it's
become very hard to recruitenough nurses in.
There's always a list, so thehospitals will pay for them to
(06:51):
move and pay them more.
Also, corporate relocations whatabout where people are
relocated?
It may be divorcing couples intransition, where they just need
something for three months, sixmonths.
Also, remote workers in need ofjust a change of scenery.
It's also a case whereby maybeyou're building a home.
(07:13):
What happens when you build ahome?
You want to go and look aroundthe area, especially if you're
moving, or maybe you're justmoving and you're not building a
home.
You may need something in thatinterim.
Now, if you are building a home, we have builder CPO, which you
don't have to worry about beinghomeless, which many people are
when they're building a home.
It's very hard for a builder tohit that absolute date.
(07:38):
What do I mean by that?
So here we are and your buildertells you if it's in our area,
it's probably going to be eightmonths to 12 months, even longer
for a custom home, 18 months,because we're in the mountains
Across the country.
A six-month build-out would befast.
It's very hard for the builderto know and you can look back,
(07:58):
by the way,realestatenewsradiocom,
realestatenewsradiocom click onthe podcast button there.
All of our live shows are thenpodcasts so that you can find
them and just look for thebuilder ones.
So builders find it very hardto you know.
Give you a date, okay, sixmonths.
The problem is you may haveheard of this thing called
(08:20):
tariffs, port closures.
Like everybody else, buildersyou know might have staffing
issues.
Suddenly, kitchens may costmore.
Suddenly there may be a backlogon getting the cabinets in.
Whatever it is, that can take alittle bit longer.
You'll know that it's very hardfor a builder, for all the
right reasons, to hit thatabsolute date.
(08:41):
Well, here comes, herein comes,the problem.
If you're building a house andyou're selling your home, how do
you know when to list it?
Oh my gosh, right, what kind ofpain is that?
Because you don't want to haveto go into one of these midterm
rentals.
Obviously, a lot of peopledon't know about this program,
so they end up having to have amidterm rental just to take some
(09:02):
of the stress off.
They have to move twice to themidterm rental and then to the
house, and often you have to putlots of your furniture in
storage.
So if you don't want to do that, go, check out, build a CPO.
What we really do is you don'thave to list your house.
Two thirds of our sellers makemore than with a regular listing
.
This works all over the country, by the way.
We've got agents, partneragents doing this all over the
(09:25):
country and what happens is, youknow, probably 80% of the time
it's very hard.
Probably 95% of the time it'svery hard for a builder to say,
six months out, here's theabsolute date.
I'll give you $100,000 if Idon't meet that date.
You know most builders wouldn'tdo that and there's nothing
(09:48):
wrong with that.
I'm not getting it builders.
There's all kinds of reasonswhy that's so difficult.
However, if you ask a builderand say you know when you're
getting your CEO the certificateof occupancy, that's when you,
as the home buyer, can move in,are you able to figure out 14
days out, the absolute date?
98% of the time it flips.
They can say yes.
So what that means is you canpress that cash offer button.
(10:09):
We've already got you approvedand everything else.
I just got one through theunderwriters right before we
went on air.
We can get that all fullyapproved for you.
So when you're ready to pressthat button, you'll get up to
70% of your money.
You can move into your new home.
We'll go into your old home.
We'll do the HGTV magic.
Two thirds of the time.
(10:30):
You'll make more money.
You'll get a second check.
What happens if you don't?
Average is 90 to 120%.
Remember, you haven't had totake out that midterm rental in
the second home revolution, soyou don't have that many.
You don't have the stress ofthinking when's it going to be
ready?
I don't know when it's going tobe ready.
You don't have to show yourhouse.
You don't have to have a signoutside, a lockbox on the door
(10:52):
or anything else.
So that works very well for thepeople who are building a home.
Same with corporate relocations, honestly, and divorcing
couples in transition too.
If you know, know about divorce, cpo we can get you out without
you needing the midterm rentalright.
Same with relocation.
Same thing Remote workersneeding a change of scenery.
(11:12):
We can't help so much in that,obviously, and you may be just
renting something for the fun ofit, which is fine.
So if you didn't know aboutthose programs, then we're
looking at midterm rentals foryour second home, the overlooked
cash flow in that.
So very often the midtermrentals pay more per month than
long-term rentals.
Most often you're getting 20,25%, 50%, sometimes double right
(11:36):
, because you have, in landlordterms, that's more of a turnover
.
It costs you to have a turnoverin the short term weather.
That's why Airbnbs and VRBOs ifyou could book them 365 days of
the year, you're making bank.
You're doing really well withthat.
So the midterm rentals aresomething in between a long-term
rental and that short-termrental, obviously.
(11:57):
So in other words, you could bein an area anywhere north
that's got chilly winters.
Basically, that's usually whereyou see it, snowbird time.
Or maybe you just want toexperience somewhere else.
Maybe you've got a new partneracross the country and you just
want to go and try it out forthree months.
It could be that all kinds ofreasons.
The most common one is thesnowbirds, obviously.
So anywhere north, many of youare thinking about right, sizing
(12:22):
, right.
So let's say you're not andyou've got this big old house
and you need to clear out allyour stuff anyway.
You'll be surprised what animpetus it is If you said honey,
you know what I really want to.
You know you're still workingremotely.
I'm not working now.
Or you know I'm retired and I'm45 years old yes, it happens
all the time in our new economy.
And or maybe both of you workremotely.
(12:45):
I just want to go work remotelyin the sun.
By the way, I did this for years.
So about 10 years ago I had Igot a great opportunity for a
foreclosure in Charleston.
Charleston for those of youlistening around the country or
elsewhere is about four hoursfrom Asheville.
I was working my socks off, sothose of you know me know
(13:05):
nothing much has changed.
However, I wanted somewhere toescape for the weekends.
It was so great so I could godown there and work for a week
and, you know, still be.
I had a tea, a big team andthat still taking care of the
any listings that I had, oranything like that.
I could still look in my, in myback end of my website, where
(13:26):
you'll raise your hand and say Iwant to see your house tomorrow
, all my team members could takeyou out.
Nothing changed except that Iwas having a change in scenery,
which was very, very nice.
I was by the coast and it wasonly four hours away so I could
drive there.
So it worked really, reallywell for me for about five years
and I went into divorce CPF atthat point.
(13:46):
So something changed in my lifeat that point where I no longer
had that place.
But you know, it was reallyreally great for a very, very
long time and we didn't chooseto rent out our house in
Asheville.
However, that would have been agreat thing to do because it
would have made us clean it upand remember you can rent out
(14:11):
either.
So, especially if you'resnowbirds and here's the
argument I hear here right Like,oh, nobody's going to want to
rent out a house in Asheville inthe winter.
You'd be shocked For all of thereasons that we went through
before traveling nurses,corporate relocations.
Maybe you want to build inAsheville, maybe you want to try
out Asheville.
I know of a couple recently thatlive in Charlotte, which, again
(14:31):
for those of you who don't knowthe area, is two miles, two
hours drive away from Asheville.
Neither is retired.
They want to come for longweekends.
They do get Fridays off,thursdays off sometimes, so
they're coming for a four-dayweekend.
And they did that for sixmonths because they wanted to
look around and see they werethinking about buying that
second home.
But they're looking at a secondhome at five $600,000, $800,000
(14:54):
.
It's very nice for them to beable to rent and they were
renting around $3,500 a month ina house with all their stuff in
storage where they're snowbirdsand they're down in South
Florida and coming back whenthat person you know is not
there in their midterm rentalanymore.
So all kinds of reasons.
Also, people say, oh yeah, well,you know, we have our place.
(15:18):
When everybody wants to bethere in South Florida in the
winter, nobody wants to be therein the summer, not true.
South Florida in the winter,nobody wants to be there in the
summer, not true.
Same thing.
I know of many people that rentout their places in Florida for
the summer.
Again, you've got people.
I know of one person who hasbeen in.
He's from New York.
He's been.
He's in his mid thirties.
(15:38):
He works in high tech.
He wants more opportunity inhigh tech for the company he's
working for, so he wants to goback to New York.
He's been living in high techfor the company he's working for
, so he wants to go back to NewYork.
He's been living in Miami nowfor something like the last four
years and he's going back toNew York.
However, he's not going backuntil October.
So, yes, he wants to rent forthe summer.
It happens all the time and it'snot hard.
(15:59):
You'll be surprised how it'sjust these limiting beliefs we
have about the lifestyle we have.
Oh, we can't, honey, we can'tpossibly afford a second home.
Well, what if I told you, notonly can you afford it, it might
even bring you in more money byhaving two homes.
Crazy, right?
You'd be shocked.
And I can show you examples ofthat.
(16:20):
Now, midterm rentals as well.
Whether you choose to do it onyour primary or the secondary
home that you have, or youchoose to do it on both.
There's easy ways to do that,especially if you can lock up
something in the home you've got.
Usually when you're doing yourmidterms and it's not the Airbnb
, there's less partying, peopleare doing it for work, so you
don't have to worry about thatso much.
(16:41):
Then you can actually rent both.
Let's say you're just rentingone, usually the one you're
going to for two months or threemonths or six months, whatever
it's at over the winter.
You've got storage or you've gotsomething there where the next
person can just come in and it'sfully furnished.
You're not thinking aboutstoring anything.
You can have a little lock andgo.
(17:02):
A lot of people have secondhomes.
They like having second homesbecause they can leave their
toothbrush there, the toothpastethere, the bikinis there, the
trunks there, the towels there,whatever it is.
We can still do that when youhave a small lockup and most if
it's condo, for example, mostcondo buildings have storage.
Or you can take something inthe closet.
You know, for 500 bucks buildout something that's lockable to
(17:26):
put your stuff in it.
But imagine, even in a low endcondo it's eighteen hundred
dollars a month.
That easily pays your HOA feesouth and probably is cash
flowing, depending on how muchyou've put down on the condo.
Thousand dollars, two thousanddollars a month Depends what
you've got.
Here.
We are in segment three already,which is all around living in
(17:49):
energy, not just location,lifestyle design.
Gosh, this sounds so Asheville,right, and it's all about why
more Americans are choosing tolive in two places.
It's not just Americans,actually, but for today's
purposes, not for luxury, butfor more of that energetic piece
, well-being, strategiclifestyle design, a life by
(18:10):
design.
So let's start with stats andwe're going to delve into, by
the way, a lot of historicreasons why these areas are
really popular, and even delveinto Allegiant flights and
looking why that ties two areastogether and what that is all
about.
So, before we talk about howpeople are feeling, let's take a
(18:31):
look at what people are doing.
Talk about how people arefeeling, let's take a look at
what people are doing.
There's 6.5 million second homesin the US.
That's about 5% of all housingstock, one in 20 houses.
It's amazing, right?
Not only that, the shadowinventory that's out there, the
Airbnbs, people living in twoplaces, where maybe they're
(18:52):
renting and living like my nieceis doing, living with friends
and family in a different placebecause they're living in two or
three places.
It's not even counting those,so we estimate it's about 10% of
housing stock.
That's one in 10.
That's amazing.
The average second home valuein 2023 was about $475,000.
(19:14):
It's more than a primary home.
That may be explained by thefact that a lot of these second
homes are by the coast, so thatmay be or in areas that are very
popular, so therefore it wouldbe more money.
So the average second home is$475,000 compared to $375,000
for a primary home.
So, for example, I love thisone.
(19:35):
In Cape May County and NewJersey, nearly 50% of all new
mortgages last year were forsecond homes and that's the way
they're tracking this.
Remember, in the main it'smortgage data.
So that's what I meant byshadow inventory.
It's only where somebodyactually gets a mortgage.
Not everybody gets a mortgage,especially in New York, for
(19:56):
example, right next door to NewJersey, of course, where a lot
of the condos are what arecalled co-ops.
Co-ops are not impossible toget funding on, but often people
pay cash.
So you know that may not evenbe recorded in our figures even
(20:17):
be recorded in our figures.
Here's a really big one Moreand more younger buyers under 45
are entering the second homemarket.
That just blows me away.
It isn't about retirementanymore.
It's about redesigning how welive.
I wish I'd known this 20 yearsago, honestly, because, well, 10
years ago I did have thatsecond home.
I was very blessed.
I picked up a littleforeclosure and it was at the
bottom of the market because ofwhat was happening in real
(20:38):
estate at the time.
But gosh, that was lifechanging for me and had we
rented either one of ourresidences out, we'd have
actually made money on the two.
It's amazing.
So this is really being drivenby a lifestyle choice, not a
luxury.
You know, we tended to think ofit as a luxury.
Oh, when you get enough money,I'll have a second home in X,
(20:59):
you know, I don't know Greece,or wherever you want to be.
Or or in Florida Get away fromthese winters, honey which is,
you know, most of the north,obviously.
So people are really rethinkingabout how they want to live.
(21:20):
It's not just about where thejob is, it's about what feeds
your soul.
The second home, even, isn'tjust about square footage or
beachfront views.
It's about that freedom.
It's about being able to askquestions like where do I feel
most alive?
Or what rhythms match my liferight now it depends on you and
your personality, right.
Where do I go to feel inspiredor to heal?
For me, that was Charleston.
I loved Charleston and it wasonly four hours away and I'd
bundle the doggies into the carand off we'd go.
(21:41):
I'd still work.
That didn't change at all, butit was just a change of place
and the sea air.
I love the sea air.
So instead of just having tochoose one place, people are
beginning to realize you don'thave to.
It's really about living byseason, energy, intention, call
it what you will, again,depending on you know who you
(22:01):
are, what your personality is.
So let's talk about mountains inthe summer, a very common one
for us in the Appalachia or inAsheville.
You know anywhere in themountains because we're in the
Appalachia, or in Asheville.
You know anywhere in themountains because we're in the
south.
So you're still south and it iscooler, right.
So it's cool, cozy, active.
It can get a little stinkinghot in the summer sometimes, but
(22:24):
it's not the same as what wecall the lowlands.
So guess what I'm going to lookat Asheville.
I know you're all shocked bythat.
So people who are living inhotter parts of the country
often retreat to the mountainsfor the summer and they're
escaping the heat andreconnecting with nature.
Mountain towns offer a mix ofwellness, nature, quiet culture,
(22:44):
perfect for a summer reset,unless you're downtown and then
it can be kind of noisy.
So let's look at Asheville,north Carolina.
It's long been a haven forFloridians and other Southerners
who are seeking relief from theintense summer heat.
It began in the late 1800s, whendoctors would prescribe
mountain air.
(23:05):
As an aside, I've seen thiswhere I've worked in different
areas.
I worked in Zurich, switzerland, for many years.
Different areas.
I worked in Zurich, switzerland, for many years.
You'll find mountain townsanywhere in the world tend to
have better healthcare systemsand this is why so in the late
1800s, doctors began toprescribe mountain air.
(23:28):
It's also why you find some ofthe best surgeons in the
mountains as well or close tothe mountains, because in the
late 1800s, or even before thatin other countries not as young
as the USA, the doctors moved tothe mountains to treat all the
people that were coming, anddoctors tend to have doctors in
the family, so it became afamily tradition.
(23:51):
So doctors were prescribingmountain air for conditions
which they didn't you know,sometimes didn't know what they
were like TB, tuberculosis andanxiety, things that they really
didn't know how to treat inthose days.
Some would say they knew how totreat them better, like send
them to the mountains andanxiety, you know.
Depression, single moms that,oh my gosh, you know.
(24:11):
Instead of putting them in aninstitution for the work of the
devil, they'd send them off tothe mountains.
And then by the 1920s it becamea very popular seasonal
destination for wealthy families, especially from coastal
Florida.
But you see, it's notnecessarily the wealthy now, but
it created that link, that link, that path where those wealthy
(24:31):
families had children that getto know the mountains and some
of them end up settling there.
So this happened, especiallyfrom coastal Florida, where they
were escaping themosquito-borne illnesses and
outbreaks from the summerhumidity back in the day.
Of course I mean not that itdoesn't happen now, but we spray
for that.
And now we deal with all theother terrible diseases right,
(24:53):
probably caused by some of thosesprays, but that's a whole
topic for another show.
So today offers that same coolbreeze we do still get those
cool nights, lush trails, very,very green Anybody in Asheville
will tell you how green it isand that vibrant culture that's
there.
Yes, we had the hurricane comethrough.
(25:15):
But, oh my gosh, we're heartyfolk in the mountains.
Music, food, art, it's allstill here and it's all wrapped
up in nature and it's really aplace that lets you breathe.
You'll notice when you'reflying in.
A lot of people are at thewindows taking pictures because
the mountains from the air arequite remarkable.
Here's another one Bend, oregon.
(25:42):
So Bend has exploded inpopularity for second home
buyers from California.
So people who work in the Bayor LA somewhere like that often
retreat to Bend in the summer,where the air's drier, the
landscape's dramatic and thelifestyle's a mix of rugged and
upscale, lots of outdooradventure hiking, kayaking,
cycling but also more peacefuland more simple than where
(26:02):
they're coming from.
Historically, bend was a timbertown that reinvented itself.
Now it's known as a playgroundfor creatives, entrepreneurs and
nature lovers who want thatseasonal shift creatives,
entrepreneurs and nature loverswho want that seasonal shift.
And then we've got ocean ordesert in the winter, sunny,
expansive, healing places,sarasota, florida perfect for
the winter escape.
(26:23):
Historically, it became knownin the early 20th century as the
winter home of the RinglingBrothers Circus.
That cultural DNA and that'swhat it is runs deep opera,
ballet, visual arts institutionsfar beyond what you'd expect in
a city that size palm.
And of course these are.
You know some of the reasonswhy all of this happened.
(26:43):
And we could should, of course,go back to Asheville and talk
about the Vanderbilts where theybuilt the Biltmore house, which
is in the top three mostpopular tourist attractions in
the country.
Obviously that created a bigdraw for people coming to
Asheville.
And there's lots of otherreasons for all of these areas.
I'm just touching on these.
(27:04):
We did Sarasota already.
Palm Springs, californiadifferent kind of soul, open
landscapes, warm air, thatmid-century charm that's there.
Palm Springs obviously hisfavorite winter retreat since
the days of Sinatra and Monroe.
Just a wink back to you knowthe old times.
(27:24):
Creatives, designers love itthere.
It started when Hollywoodstudios had rules that stars
needed to be within two hours ofLA.
So Palm Springs became thego-to escape.
And of course it creates thatDNA of the cities the proximity
of the city but the distancefrom the noise.
The Gulf Coast, texas, rockport,port Aransas, galveston, those
(27:48):
places, those are theunder-the-radar coast areas
where buyers from Dallas, austin, houston have been snatching up
second homes for decades.
Historically, these towns grewfrom fishing and shipping ports
and the seasonal migration beganas early as the 1950s.
But it creates again that DNAright where families settled
there over time.
(28:09):
Maybe the kids stayed behindand said I'm not going home.
I'm sure you all watched WhiteLocust recently and saw that
happen.
Today families come for thefishing bird watching.
Calm winter temperaturesPerfect counterbalance to that
urban living.
So there's a lot, you know.
There's New York City and theHamptons or Hudson Valley we're
clearly going to have to do awhole show over these areas and
(28:31):
Washington DC and Hilton Head,for example.
It's not a new idea, guys, it'sa reinvented one.
It's a practice of seasonalmigration isn't new.
We all think we just inventedit.
In the late 19th and early 20thcenturies.
It was common, especially foraffluent families.
Then, you know, people couldn'tafford to fly back in the days
(28:51):
when everybody dressed up to fly.
This lifestyle was madepossible by the expansion
shocker of the railroad system,which allowed people to travel
easily between the northerncities and the southern resort
towns.
And that's a whole show initself.
The Vanderbilts, you know, theyhad it down to an art.
There are urban mansions in NewYork and opulent retreats like
the Biltmore Estate in Asheville.
They were built for seasonalliving.
(29:13):
You summered in the mountains,you wintered by the water.
That rhythm wasn't just aboutthe climate, it was about the
energy and they could afford todo it then.
It's a little different now,because guess what A lot of it,
honestly, is that we can flycheaply.
Right, we've got things likeAllegiant Air, for example.
Allegiant Air specializes inconnecting the more underserved
(29:36):
markets in the country withpopular vacation spots.
Facilitate it.
Well, when we say vacation,obviously a lot of that can be
for second homes or second areasthat we like to go to.
It's what we've been talkingabout all day today.
That you know people arelooking to.
What we've been talking aboutall day today that you know
people are looking to if they'recold in the winter, get away to
(30:00):
the sunshine for a little bit.
And we're human beings and wetend to go to the same place.
That's why, by the way, when youhave an Airbnb, if you've ever
been thinking about investing inAirbnbs or VRBO short-term
rentals or mid-term rentals,especially short, short term
rentals tend to make their moneyin year two.
Why?
Because and think about this ifyou've tried out an Airbnb
(30:21):
anywhere else in the country,you go and you try one out and
you either love it or you don'tlike it so much.
If you love it, what do youthink?
The chances are you'll go backto the same one next year?
Pretty high.
So year two is when Airbnbsmake their money, which means
all those people that love it.
You've now got a set group ofpeople that are coming back the
(30:42):
next year.
So now you've only got half theyear to fill right.
If you wanted 100% occupancy,say, in your Airbnb, you're
trying to make money obviouslyyou wouldn't be doing it.
There's lots of things that goalong with that.
It's not free money, obviously.
So think about that for asecond.
That's why when you go to aplace, you tend to go back to it
.
So Allegiant goes what's goingon here?
(31:03):
We need to put an airline inhere.
And not only is it.
You know they start out withone a week or two a week between
routes, and then when they getpopular and they're booked out
all the time, they add routes.
So that tells you somethingabout these cities that are
connected together, and oftenit's because of second homes and
(31:24):
wanting a dual lifestyle, evenif that dual lifestyle did you
hear the English creep in there?
I said dual lifestyle.
It's called dual in England,not door, just saying so.
For example, allentown,pennsylvania, abe.
So that's Orlando, sanford inFlorida.
So after Allegiant it's asmaller airport, but they call
(31:46):
it Orlando.
It's really Sanford.
It's because more peoplerecognize Orlando.
So, in other words, if you'rein Allentown, you're like, oh, I
want to go to Orlando.
You're not going into thedirect big airport.
Maybe, however, they're goingto call it Orlando because
you're more likely to recognizeit as that.
Does that make sense?
So this is the number onemarket share route, believe it
or not.
Allentown, pennsylvania toOrlando.
(32:07):
I wonder why it caters to theNortheasterners seeking
Florida's warmth during coldermonths.
Let's dive more.
Number two I was shocked bythis.
I thought it would be FortLauderdale, but we'll talk about
that in a minute.
Asheville to Orlando it'sactually Sanford, but it's okay,
it's close enough.
(32:27):
It connects the Appalachianregion to Central Florida, ideal
for seasonal transitions.
You know that a lot of peoplefrom the north end up retiring
to the Orlando area.
Now, why do we think that mightbe no-transcript?
(32:49):
I don't know.
You tell me.
We'd love to hear your thoughtson this, by the way.
Then we've got number three.
Get this one Fargo, northDakota.
And, by the way, this is allabout real estate in the main If
you're wondering why we'retalking about flights, because
these are cities that areconnected Fargo to Phoenix.
(33:09):
They have 80% of the marketshare.
It's amazing.
Links the Northern Plains to theSouthwest Again, popular among
snowbirds.
Here we go again.
Bellingham, washington to LasVegas.
Provides Pacific Northwestresidents with access to desert
retreats.
Same thing again.
Number four, guys.
It's amazing.
Here we come in again.
(33:31):
So Asheville is in the top fivetwice.
That tells you something.
Asheville, north Carolina, toFort Lauderdale.
They call it Miami, but we'vegot Fort Lauderdale here.
It's Clearwater to Asheville.
Isn't this interesting?
It's the other way around.
(33:56):
Supports Floridians seekingcooler summer climates in the
mountains.
That's the reason most oftengiven.
Here's another one Phoenix toProvo.
I hope I'm pronouncing thatright.
Provo, utah, sorry guysConnects desert living with
mountainous regions appealingfor seasonal changes.
(34:17):
Interesting, it's the other wayaround again.
So this is the desert to themountains.
I should know Utah by now.
I'm not sure where Provo is, myapologies, is it where skiing
is?
I should have done the researchon that before the show.
But I'm sure I'm going to getlots of response to you on the
podcast.
This goes out live, but on thepodcast or on all of the social
(34:40):
media that it's on afterwardsgoing.
You idiot, that's where theyski.
Ok, I will look at that if Ipromise so.
Cincinnati to Myrtle Beach.
I thought I'd done pretty wellfor now with all these other
areas.
Number eight comes in Cincinnati, ohio, to Myrtle Beach, south
Carolina, popular amongMidwesterners seeking beach
(35:00):
vacations or second homes, bevery interesting if we did a
deep dive into the history ofthat.
Know too that often that'sdriven by a small group of
friends.
Once going to an area you knowmaybe it's drivable, it could be
highways back in the day, itcould be a train route back in
the day.
One group of friends andthey're all social and they
(35:23):
bring another group of friends.
They're like oh, we like ithere, you know.
And then people retire thereand there becomes this trailway
opened, if you like, trailwayopened, if you like.
Number nine Indianapolis toPentagorda, florida, serves
Hoosiers looking for I'm sosorry, I hope I'm pronouncing
this right.
I'm going to be so shocked.
(35:44):
Just blame it on me beingEnglish, okay.
Looking for Gulf Coast retreats.
Columbus, ohio to Savannah.
Collects Ohio residents to thehistoric charm.
Good job, I can laugh at myself.
Right Of the southeast coast.
Knoxville, tennessee, toSarasota, florida.
Think about these Floridianones as well.
(36:04):
There's a lot going to Floridaand obviously we know that
Florida is one of the statesthat so many people are moving
into.
But interestingly, you'll findthat people come from the north
to the west coast or the eastcoast.
Why do you think that is Inmuch it's from the history of
the railroads.
Secondly, it's the highways,what we just talked about, but
(36:25):
also it's friends.
It's when friends and familysettle there.
So Knoxville to Sarasotafacilitates travel between the
Smoky Mountains or even theMokies Mountains and Florida's
Gulf Coast.
So that is snowbirds.
It's like oh, it's chilly herein Knoxville in the winter, so
we're going to go to the GulfCoast.
(36:47):
Beautiful area of the country,grand Rapids, michigan.
Well, I know it's going to beMichigan to Orlando, right,
because you're not going Orlandoto Michigan very often,
although honestly, you knowMichigan's beautiful in the
summertime.
You've got the mosquitoes insome areas.
But this one is going fromGrand Rapids to Orlando, which
(37:08):
means obviously it goes theother way too, but it's driven
by the Michiganders seekingFlorida's warmth.
Then we've got Peoria, illinoisto I so hope I'm saying it right
to Las Vegas.
I hope you're all giggling athome, which is just fine.
I hope I can make you laugh ona Saturday morning.
It's been 13 years of havingSaturday mornings with you, so I
(37:30):
hope I can make you giggle atthis point.
So Peoria to Las Vegas providescentral Illinois residents with
access to desert entertainmentand relaxation.
We just added a Las Vegas agent.
Actually, we'll talk about himover the next few shows.
We're so.
We're all so excited about it.
This is in the cash CPO nichesfor helping you with builders,
(37:55):
senior living, all of that goodstuff.
We just added an agent in LasVegas.
I'm so excited.
Everybody in the group is soexcited.
It's like, okay, we're allgoing to Vegas.
Then we've got Des Moines, iowa,to Phoenix Mesa.
At least I didn't say DesMoines, right?
So that connects the Midwest tothe Southwest ideal for winter
(38:15):
escapes.
There we go again.
It's amazing how many of theseguys are around winter escapes.
We're going to get to Ashevilleones in a second, although we
already made, I think, three ofthem in the top 10, which is
crazy, and a lot of you are fromthese areas.
I think you find it interestingand we've got people listening
all over the country, so youknow it helps to know where all
these places are related.
This is the top 20 list fromAllegiant Air.
(38:38):
If you just tuned in, this isRowena Patton, real Estate News
Radio.
If you're thinking about anykind of real estate wealth,
whether it's for a second home,a full-time home, whether you're
investing in real estateshort-term rentals, whatever it
is, we're all about real estatewealth management.
If you need money out in 14days, whatever it is, we can
(38:59):
help you with that all over thecountry and now in Canada as
well.
Can't wait to help you.
And it's 828-333-4483,.
828-333-4483, 828-333-4483.
4483.
828-333-4483.
We've got our receptioniststanding by 24-7.
(39:20):
Yes, really, you can call themat 2 o'clock in the morning.
They will take a message ifit's that point, because I don't
stay up that late.
Just saying, but they will takea message at any point from
anywhere in the country.
We can help you.
We've got a lot of knowledge,as you've probably noticed
across this amazing team ofpeople.
So, number 15, here we go.
(39:41):
Countdown time Top 20.
Bangor to Orlando.
What do you think that's for?
Serving the Northeasternerslooking for a break from harsh
winters?
A lot of those Bangor peopleare also I'm not sure.
Are you called Bangorites?
I don't know what you're called.
Sorry, guys Are also in SouthFlorida as well, not just
(40:05):
Orlando, which is more central.
You know northern centralFlorida, they're in South
Florida as well.
So they're going down on thosedifferent routes.
And then you've got Lexingtonto Fort Lauderdale.
Links the Bluegrass State toSouth Florida's beaches.
Same thing again, seeing atheme here, guys.
Then you've got Harrisburg,pennsylvania, to Myrtle Beach,
popular among Pennsylvaniansseeking coastal retreats.
(40:26):
I guess it's almost boringsaying it over and over again.
Right, springfield, missouri,that's, I believe, the Ozarks.
So that's the Ozarks going toLas Vegas.
Oh, missouri, that's, I believe, the Ozarks.
So that's the Ozarks going toLas Vegas.
Oh yeah, if it is the Ozarks,which I believe it is, I think
it is Springfield, right.
So I am famous for havingrolled a golf cart in the Ozarks
(40:48):
, but that's a whole other story.
And then we've got Appleton,wisconsin, to Phoenix, arizona.
No, shock again, wisconsinresidents to the warmth of the
Southwest.
Then we've got Omaha to Orlando.
Speaker 1 (41:03):
Why do you think?
Speaker 2 (41:04):
that might be Travel between the Great Plains and
Florida attractions.
Now I'd like to do a deep divethis is a fun one, I think on
Allegiant Air non-stop routesfrom Asheville, north Carolina.
Number one this didn't shock meat all.
It came in in.
Both of these came in in thetop five, so I'm gonna have the
(41:27):
lowest fares for you as well.
So funny thing is, you know, atthis time of year you may just
want to get a suntan for thesummer.
The summer's almost here, guys.
We've had some hot, hot daysalready in the mountains.
It's always confusing in themountains in spring and fall,
because one minute it's like thedepths of summer and then, oh
we, we might have a big storm orit might be really chilly again
(41:48):
and nip all those birds.
Let's hope not.
So number one for Ashevilleright, these are all Asheville
based ones.
Well, they're not Ashevillebased, it's where they're going
Fort Lauderdale.
Asheville to Fort Lauderdale thelowest fare is $39.
It's crazy.
This one's been going for along time.
Again, normal thing that theydo.
They used to do, I think, oneflight either way and you can go
(42:11):
back and forward on that oneflight.
So Tuesdays you went to FortLauderdale, tuesday night you
came back to Asheville.
That has changed.
Guys is every day, every singleday.
Lowest fare is 39.
So I know somebody that had aplace down here that used to buy
six tickets at that 39 dollarrate and then put insurance on
them to change them or not evenbother, because he always said
(42:34):
you know what this, this gets meaway every couple of months or
every month.
He'd buy like six of them, sixtimes 39, by the way, is
obviously a normal one airfareso he could get six tickets and
he'd just hop on the flight.
It's really easy to get to theAsheville airport for most
people at least and be in FortLauderdale, where he had a
(42:57):
little place anytime he wantedto.
And if he didn't go and use acouple of those tickets on the
dates that he set, he didn'tcare because it was $39.
Why is it popular?
It connects Asheville to SouthFlorida's beaches and cruise
ports and you can be in ifyou're outside traffic.
It is 12 minutes from theairport to the beach 12 minutes.
(43:20):
Now, if you're in traffic itmight take you 30 minutes, but
it's not far, which means thatyou can get an uber.
Another important thing whenyou're in one of these big
cities like Fort Lauderdale,orlando or Tampa all of where
we're going to in a second inthe top 10 from Asheville you
can very cheaply Uber.
It's not like Asheville whereUber is difficult to get.
(43:40):
You can go to Fort Lauderdaleand live a mile off the beach.
You can get a condo I'm notkidding you for $150,000.
People don't realize this.
I've seen them at 120 actuallya mile off the beach, and then
you can Uber to the beach for Idon't know eight bucks.
Of course, ubers go up whenit's popular, right, so it might
cost you 12 bucks.
(44:01):
You don't have to think aboutparking.
You don't need a car down there, anything like that.
That's why it's so popular.
And I can't do all of thesedrive times.
But Fort Lauderdale is about 11hours drive time.
So if you want to get in thecar and go to your place that
you own down there, you can dothat too.
And, by the way, I can give youlists of all the inexpensive
(44:21):
condos I'm talking about in FortLauderdale.
So just hit us up.
828-333-4483.
This is Rowena Patton on theReal Estate News Radio Show.
If you've just tuned in, we'vegot people standing by 24-7,.
828-333-4483.
Let's talk about the next onefrom Asheville, orlando, to
(44:43):
Orlando, sanford Lowest fare$49,.
Guys, you like going to Disney?
$49.
There you go.
You might want to go twice ayear.
Oh gosh, that sounds terribleto me, but I get it.
But especially if you've gotkids or you're going to see the
grandkids.
Either way, right, or you'rejust a big kid.
That's fine too.
Why it's popular providesaccess shocker to central
(45:05):
Florida's attractions appealingto families and seasonal
travelers.
Tampa St Pete I moved to TampaSt Pete for a moment.
Tampa St Pete I moved to TampaSt Pete for a moment.
Actually, we were buying aplace there back in 2005.
I love the Tampa St Pete area.
Flights from Asheville lowestfare $49.
Remember, you can buy these inadvance.
(45:25):
If you don't use them, yes,you're not going to be happy
about throwing $49 away, but buytwo or three of them.
You've got three flights for$50 each.
It's insane, guys.
Why it's popular?
Obviously it links us toFlorida's Gulf Coast and you
might want that.
West Coast, orlando, florida wealready talked about that one.
Why is Orlando?
(45:45):
Oh, that's Orlando, actual,florida airport, again, lowest
fare if you want to go directlyinto MCO rather than SBF, which
is Sanford, depends what sideyou want to be that MCO rather
than SBF, which is Sanford,depends what side you want to be
.
That's direct access.
The flights are probably alittle bit more, I'm not sure,
but the lowest fare is 49.
Boston why is that popular?
Actually, new England's, whyI'm here.
(46:06):
Boston's why I'm here.
I went there when I was 19.
I'm like I've got to get to theStates.
So it connects ashville to newengland.
Obviously facilitates travelfor both tourism and business.
Las vegas oh, the boston fairs.
Lowest fairs 53.
Obviously if you're booking aweek out, you know sometimes
it's not available and you won't.
You know you're not going tofind those low fares.
(46:27):
But here's the thing to do,guys if, if you want to go to
boston, choose when you want togo to boston and make it a few
months, to make it six monthstime, Go buy that fare for $53.
So why it's popular?
Obviously we know why it'spopular.
Las Vegas Do we even have tosay why that's popular?
$79, to almost go cross countryto Las Vegas, $79.
(46:49):
That's crazy.
Direct route, obviously, to LasVegas.
I don't think we have to talkabout why that's popular.
Denver, colorado lowest fare $64.
That's insane, guys.
And now we're mountains tomountains, right?
So different kind of.
I mean people in Denver,colorado go.
You don't know mountains ifyou're in Asheville, right, but
it connects these twomountainous regions.
(47:09):
So if you live in the mountains, one of the reasons it's so
popular in Asheville is because,especially if you're younger,
all right, you might be 50 andmountain biking too.
Whatever connects to you mightlike to mountain bike, you might
like to hike.
Maybe you start out mountainbiking, then your knees start to
hurt a bit, you start hiking,who knows?
And it appeals to outdoorenthusiasts, obviously, and
(47:32):
those with dual residences aswell.
A lot of people between Denver,colorado and Asheville have
those dual residences.
Sixty four dollars, it's insane.
New York, newark this is afavorite one for me when I when
I do ads you know I do ads, tvads Sometimes I fly into Newark.
Newark is really easy to get todowntown New York.
(47:53):
It's about as easy as all theother airports $44 to get to New
York and back.
So if you're going to New York,always think about Newark, it's
really not that far out.
And Newark, new Jersey.
It's across the bridge, right,but it's not very far.
And again, you can stay inNewark generally much more
cheaply than you can.
You got to go to the rightplaces.
(48:14):
Obviously there's great eatingthere as well.
It's easier to get intorestaurants and you can still go
out for not even a day trip.
It's so cheap to get to.
To get to downtown you can takean uber to downtown New York,
but you're not staying in theexpensive um, uh, more expensive
, should I say.
It's not inexpensive in Newark,but you're not staying in the
more expensive hotels.
(48:35):
Um, a lot of celebrities livein new at new jersey I'm sure
you'll know this and it's rightnext door to manhattan, so real
easy to get to.
I've done it myself many times.
Here's a good one key west,florida.
It's number nine guys fromasheville.
Number nine most popular $55.
If you like Key West, go buy awhole bunch of these.
(48:58):
By the way, allegiant's notpaying me for this.
People think I'm a paid sponsor.
I'm not at all.
It's ideal for quick getaways.
Do we even have to talk aboutit really, are you going to fly
to?
This probably started with theFort Lauderdale flights and then
you were taking a car, whichyou can also do.
(49:19):
It is a nice drive down to KeyWest.
It's quite a long drive andanybody who's driven down to the
Keys I used to live in Miami.
I've done it numerous times.
It's a one-lane road ortwo-lane road.
You've got to go both waysright.
So it's a two-lane.
It can be very slow and you canget very drunk on the way down.
Of course I'm not speaking fromexperience, maybe a decade or
two ago On the way down,stopping at places like Marathon
(49:41):
and other places that you usedto go for your March spring
break back many years ago.
For some of you just saying Thenwe've got Punta Gorda, fort
Myers the lowest fare.
I still can't get over Key West.
Now you can fly direct to KeyWest for $55.
Punta Gorda, fort Myers thelowest fare.
I still can't get over Key West.
Now you can fly direct to KeyWest for $55.
Punta Gorda, fort Myers solowest fare $52.
Now it's serving Southwest, soyou're getting further down
(50:06):
there.
Very popular with retirees andvacationers, so in the winter
it's likely to be a bit warmer.
When I was in England, the onlyplace I'd think of going to I
was doing flights.
I'm English, like we fly allover the place I went to.
I could name countries all overthe world I've been to.
Generally I wanted warmthbecause it's so gray and chilly
in the winters in England thatI'd only think about Miami or
(50:29):
South Florida which I never wentto, by the way, when I lived
there because it was warm butyou weren't guaranteed above 80
degrees.
However, the further south yougo, the warmer, it's going to be
right.
So if you're coming from thenorth and you want it warm,
you're going to go moresoutherly in Florida, phoenix,
arizona $59.
I love Phoenix, I just love it.
(50:50):
So it connects you to thesouthwest desert climate.
If you have asthma or somethingwhere you're affected by the
humidity, you've got that dryclimate and you can as well go.
You know it gets very hot,above 100 degrees in the middle
of the summer.
However, you can.
Everybody, most of you know youcan stand that dry heat better
than you can.
The moist heat, the moist heat.
(51:10):
People don't like it when I saymoist for some reason, but the
humid heat, um, you know, makesit feel hotter.
So the dry heat there.
Number 12 gosh, I better got tostart going quickly.
How do we get through so many?
Number 12 west palm beach,florida's atlantic coast.
So seasonal residence again 46dollars, dollars.
Bradenton, florida, very, verypopular.
(51:32):
I have another agent therewho's absolutely amazing $44,.
Go check it out.
I'll hook you up with her.
All of these areas I can giveyou, honestly, the best agent in
the business that knows how todo things at a whole different
level.
Austin, texas, texas.
You can get to them.
$55.
You know they have Keep AustinWeird.
(51:54):
We have Keep Asheville weird.
Funky music, tech industries.
They say that, um, I went toaustin 20 years ago.
They say that ashville nowlooks like austin 20 years ago.
I can attend to that.
We have all the hotels and allthe things coming in.
Not everybody likes that inashville.
Houston, let's move on quickly.
$49.
Provides access to one of thelargest, houston's, one of the
(52:16):
largest cities in the US.
Obviously Business and leisuretravelers, obviously it's
Houston, chicago.
$51.
Be careful when you go.
Just saying it can get a bitchilly.
This is the Midwest's largestcity.
Chicago is a fantastic city.
Family, business, tourism,business and number 17,.
(52:37):
The last one on our list Destin,one of my favorite beaches.
It's probably my favorite beach.
Destin in Florida, beautifulwhite beaches.
It's a little more northerly soit's going to be a little bit
cooler generally.
Don't quote me on that, becauseyou're going to go there and
it's going to be stinking hotand you're going to blame me for
it.
$49.
(52:59):
Go buy those tickets.
If I like to go to Destin and Iwas back in Asheville and I
didn't have another destinationin Fort Lauderdale I'd be buying
up those Destin tickets.
I might just do that anyway,because that's incredible $49,
right.
However, buy them ahead, andthat's why they're so cheap.
Or buy them for next week,because you need a break.
As usual, it goes by way toofast.
(53:21):
Guys, thanks for listening.
I'll see you on the radio nextweek.
828-333-4483.
Let's get your second home, oryour first home, going and your
other one sold.
Speaker 1 (53:33):
This has been the Plain English Real Estate Show
with Rowena Patton.
Visit Rowena and post yourquestions at radioashvillecom or
call her at 828-210-1648.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.