Reply to Do you think a vacation home is a good investment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have been talking about getting a vacation home for years. DH got a large bonus this year and we are now sitting on a sizable amount of cash. Our family likes to travel but we don’t necessarily like to go to the same place so it is hard to pick one place for a vacation home. We like the beach but may want to go to Maine one year and the outer banks the next. Same with skiing. We go somewhere different every year. I also don’t want to go to the same beach for 2 weeks. If we go on a long vacation, it would not be to a beach house.

From an investment standpoint, would be just be better off investing in mutual funds vs a vacation home?[/quote]

We have a 2nd home, but it is not a vacation home. I do not understand the concept of a vacation home. Vacations are vacations, being at your home is not a vacation.  No, our 2nd home is not an investment unless you count how much it has appreciated (which indeed has been significant) however, we have to maintain 2 homes so it is expensive.

Not sure why people think owning a 2nd home pervents vacatons.[/quote]

Because not everyone is a rich as you and they don’t have extra money for both? You can’t be that out of touch, can you?[/quote]

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