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]

There are very very few houses for sale in the upscale beach town we’ve been looking at. Inventory is so low. I fear prices will only rise if rates get cut. [/quote]

I’ll add that I’ve been told by locals that there are less and less rentals available every year because rich people are buying the houses and not renting them out. [/quote]

Where are you looking? We have a house in the Hamptons that we don't rent, but the town we're in has pretty strict regulations about rentals---especially short-term rentals. That's not a bad thing. [/quote]
Also never rented. Inventory is still very low. Hope to sell. Should’ve in 2021. [/quote]

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