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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These threads are so silly. Anyone who has owned a vacation home for a few years is sitting on a mountain of equity. Yeah what a pain in the ***. They all wish they were throwing money away being prole renters. Give me a break. :roll: [/quote] This!✌️[/quote] OPs question was it a good investment not are the owners rich. And, generally speaking, it carries a lot of carrying costs and few of the benefits of a primary home. If you want a vacation home as a luxury purchase, it's a better investment than a luxury car. But if you want it as a financial investment, it's often not that great of one. Sometimes it is, usually not compared to other options. If you purchase it to rent out, then you are a landlord and it could possibly be a good investment, but you also have another job. The alternative to not investing in a vacation home is not being a renter, it's not having an extra home.[/quote]
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