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Reply to "How much $ to buy vacation home"
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[quote=Anonymous][quote=Anonymous]we spent $330k on a waterfront home on the Potomac in SoMD. It's aobut 1.5 hour drive from our primary home.[/quote] This is us too. Listen, a second or vacation has to be viewed as a discretionary expenditure or luxury. Period. Like eating out, driving a car nicer than a Honda, having a primary house larger than 2000 square feet and any of the hundreds of other ways people spend money above what is needed for baseline survival. We only have an income of $400K. We only have a $2 million dollar net worth. We CHOOSE to spend the money on a second home. Is it an investment? No. Could we save the money and build our net worth? Yes. But we choose to spend the money on the second home. We also choose to spend an additional $20K to travel yearly. Are we going to die with some sort of massive net worth? No. You will never convince the wealth builders on this board that buying a second home is "worth it". [/quote]
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