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[quote=Anonymous][quote=Anonymous]Will you be going to the lake for all weekends and vacations? What happens if you want to see something else or have sports commitments? We have neighbors with vacation property and when their kids were little we never saw them as they were always there and didn't build as much community with their regular neighbors. Now kids are in sports and they don't go as often. It's all a time and money trade off. I wouldn't get vacation property as I don't want to be tied to one place. Eventhough we often do a week vacation at the same place but we rent it and don't have to worry about maintenance etc. [/quote]

A financial planner friend says the number one thing she comes across when helping people plan is people wanting to offload second home who bought with the intent of using them frequently and then a) life/sports/friends happen and kids want to be at their primary home b) they feel obligated to always go to the second home and don't have freedom to travel widely due to sunk costs c) the second home is a time and money drain as there is always maintenance and restocking that needs to happen when they go there. So the idyllic/carefree times at the second house don't really exist as much as a lot of extra work does.

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