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Reply to "Can We Afford a $1.5MM Second Home?"
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[quote=Anonymous][quote=Anonymous]We had a second home in NYC and sold ultimately bc with the sunk and carrying costs, it would be cheaper to stay at a suite at the Mandarin Oriental or whatever luxury hotel for 3 weeks every month including airfare and room service. But we maybe used the apt maybe 60 days a year and provided free lodging to friends and relatives. Second homes usually are not worth the money and personally, I like luxury hotels even with the bother of bringing luggage. [/quote] My husband wants a pied a terre in NY and I keep trying to explain this to him! [/quote]
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