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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Purchasing a vacation home (or homes) is a personal and subjective decision. Some people want them; some people (like me) don’t. There’s no right answer.[/quote]

+1. We owned an investment property in Duck for years (picked it up cheap during the Great Recession) and enjoyed during the shoulder and off seasons (and sometimes during the high season). We were happy to dump it when everything skyrocketed during/after Covid. Maybe I would feel differently about a property in another area, but, it was never great as a jump off point to explore the area (there is not much to explore), and we quickly realized we'd never retire there (not enough year round activity). Most people I know who own or go to "family" vacation homes inherited these homes (or will inherit them). There is no right answer. [/quote]

An “investment property” is not a “vacation home.”  There’s a huge difference.

We owned an “investment property” in OBX as well.  And we, too, used it primarily during the shoulder season and enjoyed it when we did.  But on balance owning it was a royal pain in the a$$ because of renters and the expense and wear and tear involved.  Plus you needed things like locked owner’s closets and couldn’t leave anything personal just lying around.  Hell, you couldn’t even leave butter in the fridge.

We sold our OBX house years ago, an early in the pandemic ending up buying a true vacation/second home.  It’s  just under 2 hours NW of downtown DC but it’s a whole different world.  Large home on 7 acres, a beautiful pool, stables (we don’t use them but our neighbors do) and walking distance to the center of a charming historic town with plenty of restaurants and other amenities.  We come and go as we please and will never rent it out, ever.  It’s a true second home.

There’s no comparison between a vacation home and an investment property. [/quote]

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