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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous]PP here. This Bald Head Island house sold for $1.475 million is 2005 and is now listed at $1.725 million. It’s been siting on the market for nearly a year. If you look carefully at the sales history, you’ll see the effect of the huge market crash of the late 2000s on prices. North Carolina beach property did not double in value from 2003 to 2018; it crashed by 30 to 40 percent in the middle of that time period and only recently recovered. https://redf.in/KM6myC[/quote] You're cherry-picking with a North Carolina home, with ancient pre-Great Recession pricing. :roll: P.S. a lot of UMC and rich have vacation homes in Florida, in ski towns out West, in California, and even pied-à-terres in places like Boston, NYC, Atlanta, or Nashville. But sure, cling to that one NC home you cherry-picked, EVERYONE is losing their shirt. lol[/quote]
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