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Respondents also possess important business skills and experience,with 53 percent owning, <br /> operating, or playing a significant management role in a business. Additionally, as further evidence <br /> of their potential impact, 73 respondents(24 percent of those responding to this question)reported <br /> they would consider opening,moving, or starting another branch of their business in their second- <br /> home community. <br /> Current Use of Second Home <br /> We found that respondents vary significantly in how long they have owned their properties. One- <br /> third of respondents(34 percent)have owned their second homes for more than 20 years.Almost <br /> one third(31 percent)have owned their property for 11 to 20 years, and the remainder have owned <br /> for 10 years or less. <br /> poi;34% <br /> 410 17% <br /> 31% <br /> •0 to 5 years 6 - 10 years •11 to 20 years •Over 20 years <br /> Figure 7:Length of ownership(n=561) <br /> 90.0% We asked <br /> o participants to <br /> 80.0% classify their <br /> 70.0% j property according <br /> 60.0% ; to who used the <br /> property. Clearly, <br /> 50.0% i owner-utilized is the <br /> 40.0% most common use, <br /> with more than <br /> 30.0% three-quarters <br /> 20.0% responding as such. <br /> 10.0% j Almost twenty <br /> 0.0% percent have a <br /> I shared arrangement <br /> Owner Use Full Time Part Time Shared Use Other in which the <br /> Only Rental Rental with Family j property is shared <br /> among multiple <br /> Figure 8:Type of use(n=618) owners or families. This <br /> arrangement is common for <br /> Second Homeowners of Central and West Central MN 8 <br />