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Real Estate
Reply to "Not having a second / vacation home makes me feel poor & depressed. Anyone else?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yesterday, I washed windows and today I am trimming 60 shrubs on my property while my DH does other projects. And this is on my primary home. I have zero interest in maintaining a 2nd house. If you want to live at the beach, move.[/quote] I feel the same way. We've rented our favorite cabin for three separate trips this summer and that is good enough for me.[/quote] Renting gets old and requires too much planning, so it doesn't measure up to the casual comfort of owning when you come and go whenever you want. You and kids can't establish roots and friendships; nearby owners disregard you. And of course renting is just flushing money... to the actual owners.[/quote] This just isn’t true. People lose money on second homes all the time. It just really depends. Real estate is a gamble. Renting and actually investing instead of just sinking money into properties that aren’t generating sufficient income often makes more sense financially. Again it all just depends on the individual situation. [/quote]
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