Reply to Should I buy a beach vacation home?

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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]We have a beach house at DE beaches and love it.  We rent it out in the summers and just block out days or weeks we want to go down.  The income pays for the mortgage and most of the maintenance.

We use it year round as a weekend getaway and especially like the spring and fall for that.  We don’t vacation there and go elsewhere.

The value has more than doubled since we bought 9 years ago.  But no plans to sell.  The family time and memories down there are what is priceless to us.  Sure, maybe if we had invested the down payment in the market, we might have made more money but the memories and family time is more important to us.  Besides, we are already well diversified in stocks, crypto, and own a few other real estate investments that we rent out full time.

So we have not found our beach house to be a money pit and it has worked out well.  Lastly, we plan on holding for a long time to continue making more family memories there.  We are not near oceanfront to worry about climate change.  But if we do lose the house in 50 years for whatever reason, so be it.  We can afford the lost.  But we cannot afford not having those priceless family time.

No regrets and so happy we bought the beach house. [/quote]

Yawn.  Not near oceanfront?  Why bother.  [/quote]

Let me guess, you’re the same troll droning on and on about vacation homes washing away in floods… [/quote]

Nope.  Different poster.  I just don't get the appeal of a beach house where you can't even see the ocean from your house.[/quote]

Says someone who does not have a house down in the DE beaches…….. [/quote]

Np. Is that some kind of flex?  :lol:

DE beaches are only a tiny step above OCMD. 
[/quote]

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