There are 281,421,906 people in the USA; 105,480,101 households. Median household income was $42,257 in 2000. A majority of households, 87%, earn less than $100,000 per year. Only 33.7% of current homes are worth over $150,000. Why do so many real estate developers believe that more Americans can even afford a second home? Is there really a second home bonanza on the horizon?

The bonanza believers sight the aging Baby Boomers and their soon to arrive inheritances as top reasons for a second home boom.

This report attempts to refine some conventional wisdom:

Myth: Baby Boomers are going to inherit fortunes and will be able to afford multiple