Why people are buying vacation homes-before they’ve even bought a first home by Palm Springs Real Estate | 12:13 pm | News and Views CNN Business | Why people are buying vacation homes—before they’ve even bought a first home In expensive markets, people continue to rent while buying in less pricey vacation rental markets. Read more Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to email a link to a friend (Opens in new window)