Some wanna-be homeowners are keeping their rentals in high-priced urban centers and buying second homes in more affordable suburban/rural locations.

Hopeful Homeowners Going Straight to Buying Second Home First

Ever-pricier metro areas have encouraged first-time homebuyers to think outside of the box.  Rather than being endlessly frustrated by too-high home prices or being outbid multiple times on homes listed where they currently live and work, why not skip the usual first step of homeownership of buying a primary home first and go directly to buying a second home?

An important question for you.  2022 is here…have you completed your 2022 Real Estate Business and Lead Generation Plan? If not, no worries. We have done the hard work for you. Download your 2022 REAL ESTATE TREASURE MAP! Text HARRIS to 47372. It’s that simple and takes 3 seconds. Text HARRIS to 47372 and when you do we will instantly text you back with a link to download. BONUS: For a limited time when you text HARRIS to 47372 you will also receive a Coaching Call!

4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy:

Buying a home in a less expensive weekend/vacation destination while continuing to rent a primary home/apartment/condo is doable for some first-time buyers; buying a primary home in an ever-pricier metro location is not.

First-Time Homeownership Falling

According to the National Association of REALTORS® (NAR), first-time buyers are dwindling.  In 2009, first-timers represented 45% of the home buying market; in January 2022, first-timers represented 27%.

According to Richard K. Green, director of the University of California Lusk Center for Real Estate, “Even if you’re being paid really well, accumulating a down payment for a million-dollar house is really hard.  But you want to own somewhere, you want to get into the market.”

“Basic Economics of It”

One couple who calls Santa Monica “home” recently bought a property in the Yucca Valley on the northern edge of Joshua Tree National Park while continuing to rent in Santa Monica.  Yucca Valley is among a group of communities that include Joshua Tree, Landers and Twentynine Palms.  All of these communities are popular places tourists like to stay while exploring the scenic and climbing attractions and hiking and biking trails of Joshua Tree National Park.

This couple paid $517,000 for a Yucca Valley two-bedroom, one-and-a-half-bathroom house with some 2,000 square feet and panoramic views.  This winning bid of $517,000 (yes, there is fierce competition to own homes in Yucca Valley) is but a fraction of what it would cost to own a home in Santa Monica with its median home price of $1.9M, according to

These new Yucca Valley homeowners, both first-time buyers, who continue to rent their primary home in Santa Monica intend to renovate their new home and rent it out on Airbnb later this spring.  They believe they can charge between $250 and $1,000/night, depending on the season.

Knowing that real estate is a “great” investment, one of these first-time buyers said, “It was the basic economics of it, for us.”  Besides, these first-time buyers who continue renting in Santa Monica like the cultural attractions and amenities available in this highly sought after beach community combined with the quiet and spaciousness of the desert.

URGENT: Are You Worried About Having A Slower Start To The Year? Don’t Hit The Panic Button, Learn How To Have Massive Success In A Shifting Market. When You Attend This Exclusive Training You Will Learn 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Claim Your FREE Spot Now. After You Have Attended This Event You Will Experience A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business And Lead Generation Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money In This Changing Market. Claim your FREE spot now. YES, I Want To Attend The FREE Webinar! <——Click To Register

P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.

Thanks to The New York Times.


Claim Your FREE Real Estate Treasure Map!