| November 22, 2005 |
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While the group of second home owners most often flees to their second homes just to get away from it all, their profile is steeped in family values. In what amounts to a virtual peek through the windows of a special group of second home owners, a "2005 Survey of Splitters" found that fun and family are two of the biggest reasons a full third of second home buyers take the plunge. The publicly traded, Bonita Springs, FL-based WCI Communities Inc., to better understand trends in second home ownership, used 35 questions to survey 408 home owners living east of the Mississippi. Those surveyed qualify as what WCI calls "Splitters" -- a breed of second home owners who split their time between a primary residence and a second home. WCI is a home developer building in Florida, Connecticut, Maryland, New Jersey, New York, and Virginia and sells about 30 percent of it's homes to so-called "Splitters" and found them to be, in many ways, the more traditional second home owner, making the purchase more often for recreational use rather than as an investment. WCI also says Splitters reflect the trend away from life in the traditional "home town" and a migration toward a more varied lifestyle based on needs associated with work, play, health, education, retirement and the shift of family and friends away from each other. The survey found:
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