Reply to Should I buy a beach vacation home?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's weird that that one poster feels such certitude.  I'm the PP who said that one person asked me if we were selling and another person said they had a friend looking.  It did happen.  The PP thinks she knows every beach real estate market apparently, but obviously doesn't.

We're on a small island with 80% of it restricted from being developed and designated as conservancy.  There can only be a few more houses built here in the coming years.  What's here is here.  And it's near a city that boomed with an influx of new residents, flush with cash and able to buy both a house and a beach house.

I'm trying to picture that poster and what has gone wrong in her life to be so full of bile.[/quote]

The thing that is true is that it’s only get harder to insure, more likely to be damaged in a weather investment and less likely to hold any long term value.

If you’re fine with that - and don’t plan to come begging for a handout when the insurance goes and you get wiped out - knock yourself out. [/quote]

I don't think you've said this enough.  Only maybe 50 times?  Do you actually think that anyone buys a beach house without all these considerations?  And how many people can afford to buy one who aren't just a little bit savvy about finances and risk?  And deep pocketed? [/quote]

Yes several people here have said they don’t think it’s an issue. [/quote]

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