Vacation Home Buying Fizzling. RV's too?

Hot spots will always be hot spots and are relatively immune to rate increases. Those with cash and liquid enough to purchase high end vacation homes usually don't sweat a half a percent on rates if they carry loans at all. Many are taking advantage of the seller's market and selling homes, pocketing cash and holding out as long as they can until capital gains forces them to take the hit or reinvest in real estate. I think rate increases affect common, not vacation spot, home buyers. Those buying vacation homes aren't in that pool. Again, didn't read the article because I couldn't access it but I don't know that vacation hot spots have ever fizzled. To that point - if folks start having a fire sale in a year due to over extension, those with cash swoop in and pick them up. Continuing the pace of the the hot market.

In short, I disagree with the claim that vacation home buying is fizzling. Shame I can't read the data that supports this claim, but I live in an area like that, and it's sizzling, not fizzling.