At The Money: Buying a Vacation Home with Jonathan Miller

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 18 June 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to buy a beach or lake house or other vacation property? You need some effort, assistance from a local expert, and a decent pile of money.

Jonathan Miller, President of Miller Samuel, joins Barry Ritholtz to discuss what you need to know about purchasing a vacation property.

Each week, “At the Money” discusses an important topic in money management. From portfolio construction to taxes and cutting down on fees, join Barry Ritholtz to learn the best ways to put your money to work.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	This is an IHeart podcast.
0:05.0	How many great bosses have you had?
0:07.0	Try counting them on your fingers.
0:09.0	Your hand may well remain bald into a fist.
0:12.0	It doesn't have to be this way.
0:15.0	From The Economist, I'm Andrew Palmer,
0:18.0	and I'm back with a second season of Boss Class.
0:26.6	We've gathered management tips from the world's best performing companies, from Levi's to Lego to Google.
0:30.3	To hear all of Boss Class, you'll need to be a subscriber.
0:33.8	Search Economist Podcasts Plus for our best offer.
0:43.7	Sweet Home Alabama. offer. Have you thought about owning or buying a vacation property?
0:48.2	Would you like a place to take the family to on a lake near the beach or up in the
0:53.6	mountains?
0:56.9	I have, and I know a lot of our listeners have also. Let's bring in Jonathan Miller, CEO and founder of Miller Samuel,
1:03.4	a highly rated data analytics and research firm covering the housing market.
1:16.8	He has written a number of pieces on vacation homes, second property, luxury properties,
1:19.0	and what's happening in that market.
1:26.4	So Jonathan, let's just talk a little bit about what's going on in the second home market, whether it's the luxury market or not.
1:29.3	Tell us a little bit about what's going on out there.
1:32.7	Well, you know, we had coming out of the pandemic, we probably had the biggest second home
1:38.7	purchase boom in history as people were coming, you know, sort of re-engaging with the outdoors again after the pandemic.
1:48.0	And then in the last couple of years, we've actually seen a big drop-off in second home purchases.
	...

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