Reply to Can We Afford a $1.5MM Second Home?

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[quote=Anonymous][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]

Very much a personal choice. Our second home we use 4 or 5 times a year. It's beachfront on a private secluded area. My office is upstairs, I can work remotely while literally watching sailboats from my window. The kitchen is how we want it, stocked with our favorite coffees, teas, etc. We grow papaya, lemons, mango, rosemary, mint and pineapple on the property. In the mornings I grab a ladder, find a mango, go back to my screened in porch and enjoy a bite while reading the ny times drinking my own favourite coffee. At sunset, I pour a Campari. If I want a second I have it. I travel with no luggage at all except perhaps some favourite chocolates or minor things to restock the house. My bedroom has my favourite pillows, my living room adorned with furniture from my parents. The local fisherman know me and sell me small lobsters (which I prefer) and grouper when they know I'm here. The neighbor grows hot peppers and makes a ridiculous mole sauce. The maids come every other day.

Compare that to the hassle of checking in, paying $18 for a mojito, risks your hotel sucks or you have a loud room next door, etc. Travel is nice, but there's something to be said about a vacation home. 
[/quote]

This cracked me up. Mangos and local fisherman?   Prefer small lobsters?  You're rather particular and I can imagine would not like a hotel. [/quote]

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