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[quote=Anonymous]You are me 15 years ago.  We bought the second home about 100 miles from our primary home.  When the kids were elementary and middle school we used it a lot.  Once high school hit it was significantly less and there were some years I visited quarterly just to put eyeballs on the place, change out the security camera batteries and do any maintenance it needed.  Now that I can see retirement on the horizon I’m looking at it as my retirement place.  I bought it for cash in 2009 and it costs me between $5k and $10k a year, depending on what improvements or repairs I feel like undertaking.  I’ll probably renovate if I convert it to a primary residence at retirement.

I will say financially I’d have been better off putting the money in the market, letting it grow and using that to buy a place for cash at retirement.  And renting someone else’s place in the meantime.  But I’ve really, really enjoyed my second place and I don’t regret having it.

A few considerations- my place is in the woods and I don’t have any yard maintenance at all since I have no grass.  It’s in a pseudo community and I have local friends who pop by to check on it every so often if I can’t make it there.  I have a quarterly pest service- so extra eyes on the place- but being in the woods and rarely used I’ve made it through squirrels, flying squirrels, mice, snakes, flies, ladybugs, carpenter ants and bats making their way into my house so the pest service is an absolute necessity. [/quote]

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