This paper intends to make a case for 3 key points:

1. Real estate statistics showing national appreciation figures are miscalculated and misleading, causing alarming reaction to reasonable market appreciation in most cases.

2. The Baby Boom population is going to demand second homes, and is bigger than just US boomers.

3. The market for condo hotel units and innovative forms of second/retirement home ownership is on the verge of a boom, not a bust.

I. The Bubble: Debunked

Our media has dramatized the entire US real estate market as