There are approximately 45 million people over 65 years of age in North America. In the next twenty years, as the Baby Boomers age, the number of over 65 persons will increase by approximately 31 million, an increase of 169%. Add to this, the developing trend in year 30 marriage break ups, currently trending over 50%, there should be very high demand for properties and specifically, properties in sun locations.
With a vacation property, approximately 60% of your income goes to operating expenses. These expenses include things like all the utilities, pool costs, cable, internet, VOIP phone, housekeeping, etc. This is a fully operational house so the majority of expenses at your current home you will incur at your vacation property.