Most of the country – approximately 71% according to a recent Gallup poll – agree it’s a great time to buy a home, thanks to low interest rates, more inventory, the $8000 tax credit for first-timers and low prices.  But what about a second home? Is that going too far, since the “new normal economy” or “post-recession era” dictates we should  move away from a “more is better” mindset?

But what if you’ve got some extra money to play with and you’re tired of the weather? What if you want to generate extra income to buffer your 9 to 5 salary? That’s not gluttonous. That’s strategic. Some real estate experts say there is great opportunity now to bank on a second property, either as a rental property or as your vacation home.

I’m still reporting on this story and will publish it on Mainstreet.com later this week. In the meantime, let me know if you are thinking about diving into the second home market, or if you know someone who recently has. I’d love as many anecdotes as possible. Thanks!