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Reply to "How much $ to buy vacation home"
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[quote=Anonymous]I'd want to keep the percentage of my portfolio in real estate to under 30%. And I'd want my income to be high enough to be able to cover the costs without feeling any pain. AS PPs have pointed out, monthly costs can be hefty. And what if there's a broken pipe while you are gone? Our real estate is 40% of assets (includes a rental condo, main house, weekend house), and the weekend house costs about 12% of income. It's doable, but a bit uncomfortable. I think more and more about selling, even though we are there most weekends, it's an hour away, and brings lots of joy. Owning = headaches. Renting = drop off the key and forget it[/quote]
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