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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’ve always wanted a place at the beach, but it never made sense because of working in an office and busy kid sports schedules. Now I’m in my 50’s and have savings for retirement. I’m not going into the office as often and will probably retire in a couple years. I could afford to pull out $1 million for a place. We would not rent it out. We’d use it more once I stop working. Our kids and siblings could also use it some. We’d have a view.

Downsides are distance - 3 hour drive, cost - $1 million plus pretty high HOA fees (cheaper to rent but hard to find places last minute), crowds and traffic during the summer, potential maintenance hassles, potential climate change, and is it a pain to actually go to your vacation home often?

Do you love having your place? [/quote]

OP, curious, is there a reason you would not rent it out?

We're owned a beach house about an 8 hour drive away (SC) for 10+ years. We love it and are looking forward to spending more time there when kids go to college. I actually preferred having a house a significant distance away because there was never the thought that we should be there every few weekends. When we go, we go for weeks at a time, such as during school breaks.

Yes, maintenance issues are a PITA and can be costly. That is why renting it when we are not here has been so helpful. When we decide to use it on a more permanent basis, we will redo the entire place. I'm not worried about annual upkeep so much now.[/quote]

We also bought a house 6 1/2 hours away, and prefer our charming Carolinas location to Bethany, Rehoebeth or other closer options.  When we're here, we are truly here.  We also rent maybe 7 or 8 weeks a year, so as to have about $50k in income to offset our costs.  [/quote]

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