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[quote=Anonymous][quote=Anonymous]Since your primary home is relatively inexpensive for your income, I think this is doable financially. Your question could essentially be: can I afford a 600k home on a 270k income since that's the combined values of your homes. But a second home has a lot of additional expenses, you often don't qualify for tax breaks etc. and it can be a hassle. Think about whether you will really use it, what its resale value will likely be.[/quote] This 100%. Yes, it's doable. But you need to be realistic about the details and not just get starry eyed at the idea of buying next to your childhood vacation house. There are already some good questions for you to ask yourself in this thread. Another is how much the rentals in the area are for a week. Chances are it will be way cheaper to just rent the 2-3 weeks a year that you would actually use the house. [/quote]
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