Reply to Should I buy a beach vacation home?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If I only listened to the DCUM echo chamber, I would be more worried about owning our beach home and being able to resell it.  Because climate change is real, and sure, the stock market would have been smarter purely from an investment standpoint.

The fact is that 40% there are SO many families who still want to buy beach properties -- though maybe that's on the wane in Florida.  Maybe because they can afford it regardless of whether it blows away.  Maybe because they're climate change deniers.  Maybe because they are motivated by emotion and are willing to ignore the risks; they want a gathering place for family that feels more like home than a vacation rental.

And all of that negates the naysaying on this thread.  You'll be able to resell your beach house because the psychology still favors buying coastal properties.  I'm at our beach house right now. [b] I had two people just this week ask me if we'd think of selling [/b]- one who wants to buy, the other who knows someone who is actively looking.  Could that change in the next few years?  Sure.  But right now, it's the weird poster here (who is so freaked out that she's calling names) who is the outlier.  No one on our island is freaking out.  
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Ha Ha you were doing so well until you weeded into bullshit.  This did not happen.  Folks looking for beach houses don’t ask owners of houses that aren’t on the market if they’re “interested in selling.”  They look at the MLS, where there always are plenty of houses for sale in every beach community that attracts renters.  [/quote]

Not PP, but my dad has a place in Fenwick Island and that has happened to him a few times. Not recently that I know of, but this was a few years ago when inventory was pretty low. I'd like for him to agree to sell it soon, and I hope some of those people are still looking. ;)[/quote]

Sure it has happened to your dad a “few times.”  But over how long of a time period?  “Twice this week?”  I doubt it very much.

Of course, it’s the middle of the summer and you have people in the area vacationing and enjoying themselves and fantasizing about owning their own place, so you can imagine people making fantasy inquiries. But two serious inquiries this week for a house that isn’t on the market? I call bullshit.
 [/quote]

Not recently, like I said. It's not people knocking on the door . . . just a few people who sent letters inquiring if he was interested in selling. He does get cold calls from RE agents, but I don't count those. Maybe that's what the PP is referring to?[/quote]

We did have someone knock on our door and asked if we were interested in selling. We were not.  The people that knocked on our door actually did buy about 4 houses down from us. We are in Rehoboth.[/quote]

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