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[quote=Anonymous][quote=Anonymous]Best advice we ever got was from a woman who lived in the Hawaii condo community we wanted to buy into in the 2000s. She said the HOA dues alone were $1000 a month (then). So that was $12,000 a year we could spend flying and  renting a place there or staying in a hotel there.
Getting on the property ladder only makes sense to me if things will appreciate dramatically and paying for it isn't a scramble. You will be competing on price with all the other condos around.[/quote]

+1. Similar advice I got from a Canadian old couple some 20 years ago when we were vacationing in Aruba. We had just toured one of those apartment/townhome communities that were up for sale. This couple told us never to buy property where you don't live. They've done it, got burned, sold it all and now only invest in real estate close to home. Their advice was. if we really wanted to invest in real estate, to buy a property close to home for the same amount and use that cashflow to fund our vacations. Frees you up to go wherever you want..

One of our friends, an avid skier family, used to do colorado ski vacations religiously for years. They were considering buying property there (not sure which location) but ended up not. They recently discovered skiing in the Alps and in Japan, and are so glad they didn't buy property in CO. [/quote]

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