Reply to Tell me what you think of a pied-à-terre

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It only makes financial sense if the total cost of ownership is less than the total cost of an acceptable hotel in the same area for the same number of days use.  The math doesn't work for most people unless you expect to spend a lot of time in the specific place you're considering, year in and year out.  [/quote]

Not true.  You left out the convenience factor.  Who wants to make reservations, check in, check out, and pack every time?  [/quote]

Depends on how frequently you go and for how long.  Obviously if you go once a quarter for a weekend or even a week, then hotel may be a much cheaper and more convenient option than responsibility of ownership, maintenance, fees, etc.  If you need a "base" and go frequently for work or stay for longer periods of time, and your family also uses it then it may make sense.  If you have limited time off and school aged kids you may prioritize going to different locations for vacation vs. a burden of property ownership esp. in a place like NYC where short term rentals are near impossible. [/quote]

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