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Reply to "Can We Afford a $1.5MM Second Home?"
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[quote=Anonymous]Most of the people on DCUM don't have the first clue what a net worth of $12MM lifestyle is like. But I will jump in. If you like Naples and there are a lot of people like you there -- it is a certain type of person, then that is +1. Then if you think you can resell it, that is +2. (Some rich people do not like ocean front b/c lack of privacy) If you think you might be leaving your home now in Nov, returning in April, that is +3. Staying in a hotel for 5 months is a pain. And if it has amenities that you will find convenient now or for the next 7 years , +4. So, I would say, if it meets all that go for it and enjoy! :-) We have a friend who owns a home in Florida -- she is never there and rents it out. So that is +5.[/quote]
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