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Real Estate
Reply to "Vacation and Weekend Homes"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Purchasing a vacation home (or homes) is a personal and subjective decision. Some people want them; some people (like me) don’t. There’s no right answer.[/quote] +1. We owned an investment property in Duck for years (picked it up cheap during the Great Recession) and enjoyed during the shoulder and off seasons (and sometimes during the high season). We were happy to dump it when everything skyrocketed during/after Covid. Maybe I would feel differently about a property in another area, but, it was never great as a jump off point to explore the area (there is not much to explore), and we quickly realized we'd never retire there (not enough year round activity). Most people I know who own or go to "family" vacation homes inherited these homes (or will inherit them). There is no right answer. [/quote] Same with the people I know. The houses have been in the family. But I figure, for their convenience, someone before that had to actually make the effort and take the risk to buy it. Some of us aren’t that lucky to inherit vacation homes.[/quote]
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