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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It depends on location, and a host of other factors, OP. To me, it is not worth the investment of my mental energy. [/quote] +1. For me its the mental energy specifically. Maintaining our primary home is work enough. I don't need more work. I'll stick to hotels and rentals. If I were uber wealthy and a personal assistant could manage all the property maintenance and contractors maybe, but I'm not. [/quote] +1 We sold ours. There's also a huge glut of vacation homes right now since everyone and their brother started doing airbnb/vrbo etc AND insurance market is rapidly changing for areas with climate issues. Insurance for a rental property is always a lot higher. I feel we got out when we should, but I could be wrong. It was nice for about 2 years and then a hassle.[/quote] Rehoboth inventory is tighter than northern va and prices are insane. Glad we bought 18 yrs ago. House tripled in value. Will retire here and also work remote here in Rehoboth. 🍷 🏖️ [/quote] How much time have you actually spent in Rehoboth in the dead of winter? I grew up in a similar beach town, and let me tell you: the winter is brutal. With the money you could get for your house, there are a thousand places that are more pleasant and interesting to retire to. [/quote] We will spend Sept 7th through Jan 10 at beach house. Then back to beach 2 weeks in Feb and 3 weeks in March. Just got back today and spent most of the summer there. I love off season! Can’t wait. We are self employed and fully remote so can work anywhere. Heading to mountain home next week but it will be pretty hot next week. Will retire to Rehoboth for awhile. Can always move elsewhere down south in future if feel like it. [/quote] Enjoy your unoriginal retirement! That would never, ever work for me. [/quote] What a sad, defensive response. You got made a fool of trying to put words in someone's mouth about how much they'd enjoy their own vacation house, and then when they thoroughly shut you down you had to lash out with an completely irrelevant jab about your personal feelings. Guess what, it's their vacation house, not yours. I imagine there's a lot of things you think other people wouldn't like because you're a pathetic, hateful person who can't find joy anywhere so you take it out on others. [/quote] I’m just saying, I’ve been there and done that. The year rounders in those places are by and large less educated and Trumpy. Even in Rehoboth. I have actual experience with this. This poster does not. She will see that for herself soon enough. [/quote] Lol, you have posted this weirdness before about how horrible off season is, and I also have actual, year round experience in Rehoboth. And Lewes. Downtown, not greater Sussex County. It ain’t remotely Trumpy. And I’m 100% certain PP will enjoy it.[/quote]
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