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Reply to "Should I buy a beach vacation home?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We considered buying a beach house on the water in NC. [b]We bailed when we investigated further the risks associated with climate change. [/b]Be sure to look at the elevation of the property. If you can find something at a high elevation, that would be much less risky. We decided to keep our money in the stock market and spend it on Airbnb's and hotels instead. Much less hassel and we can do that for he rest of our lives easily.[/quote] I was told it was dumb to buy a beach house because of global warming (that’s what "climate change" used to be called) because it would be under water in 5 years. In 1985….. [/quote] My siblings tried to talk me out of buying a beach house in 2021 when we bought. The house has risen by $600k in value and our location (not oceanfront because of risk) continues to be in high demand. We might sell it when the kids graduate high school. Lots of memories made already. No regrets. [/quote]
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