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Travel Discussion
Reply to "Talk to me about hidden costs of buying a vacation home"
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[quote=Anonymous]With toddler DD and hopefully another on the way soon, our once far-flung travel agenda has contracted. We're fine with this, and are considering buying a 2nd house as our major destination. I think it will be great for our family, especially in these early years when kids don't have activities coming out their ears. We don't want to rent out, so we're trying to figure out what we want to afford given that we'll have to take that 20% down out of savings. So - mortgage, utilities, replacing stuff that breaks, possibly HOA if we go for a community with a pool ... what am I missing? And on a related side note, recommendations? We want to be on the water (preferably beach, open to lake) -- love Corolla but I think we max out at a 3 hour drive since I want us to get a lot of use out of it. And yes of course we would vacation there first before buying, but we're in the exploratory phase now. [/quote]
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