Are Second Homes The New Shadow Inventory?

On June 4 I'm hosting the second in a monthly webinar series on the use of AI in real estate investing businesses. To register for the webinar, CLICK HERE. It's at 8PM Eastern. Even if you can't make it, register and we will send you the recording. ----------------There are 6.2 million second homes in the United States. Let that number sink in for a moment.According to NAHB estimates, second homes now account for 4.3% of the nation's entire housing stock. That's not a rounding error. That's a meaningful slice of the market and it's a slice that sits on a very different set of financial foundations than primary residences.Today, I want to explore a scenario that nobody is loudly talking about yet: what happens if even a fraction of those 6.2 million properties hit the market at the same time? Could we see a replay — in slow motion — of the inventory surge that helped collapse prices in 2008?Let me walk you through the mechanics.-----------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [[email protected]](mailto:[email protected])  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)