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[quote=Anonymous][quote=Anonymous]Looking into buying a beach house.  We often go to a particular beach (we currently vacation there about 3 weeks per year for the past 10 years), and when we go we stay in a hotel for an average of $200 per night (in high season it's more like $300 per night but we also go in low season).

We have around $300 K maximum to spend on a beach place (our budget doesn't allow us to buy waterfront property).

I ran some numbers and with an average monthly mortgage of $2000 per month, including all taxes and condo fees and a little cushion for repairs, etc., we'd have to use the beach house an average of 68 days per year to make it worth the cost.  We don't want to rent it out as of now.

I also calculated that if we use the beach house one long weekend per month, 7 weeks in the summer, Thanksgiving and Christmas, and one week of spring break then we still have about $5400 per year that's wasted because we're not using that time there.  If we used it that much we'd still have some vacation weeks to use to do other vacations or staycations.

What do you think, is it worth it?  I'm on the fence.  On the one hand, whenever we vacation we stay in hotels, which are on average $200/night and hotels are uncomfortable.  On the other hand, we would plan to retire to the beach house.  Are there other things I should be considering?

Thanks!

We looked into this a few years ago, and determined that is simply better financially ( and in terms of hassle) to simply rent a house when we want to go to the beach. Basically, if you have to "run the numbers", then you really cannot afford it. These houses can be a money pit, and there are much better investments for your 300,000. Just curious, why do you stay in hotels instead of renting a condo or house?

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