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Reply to "Should I buy a beach vacation home?"
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[quote=Anonymous]I just decided to ... but my HOA fees are not a lot and I plan to rent 6 weeks out of the year. I put the numbers into ChatGPT as well as did my own analysis and in 20 year is will break even. The house I'm looking at is only $500K and chatGPT did take into account $5K a year for upkeep. Mortgage, property taxes, insurance, utilities, HOA fees, maintenance/repairs, property mgmt fees Put your numbers into ChatGPT and see what the cost really is. Would it mean you didn't have money to travel? Would it leave you strapped? its' a luxury so you need to look at it that way too. [/quote]
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