Reply to Not having a second / vacation home makes me feel poor & depressed. Anyone else?

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[quote=Anonymous][quote=Anonymous]Life hack: buy a very nice PRIMARY home so that you actually enjoy being there and don’t feel the need to “escape” from it. Too many people buy crappy homes and then waste money on a second crappy home. Stupid. [/quote]

This, actually.  If your primary residence is large enough, nicely-located, and feature-rich, you don't feel the need to escape from it.  Owning a second home is arguably a foolish financial and lifestyle choice, locking you in to a specific property in a specific location while providing only the ego gratification of being able to refer to your "beach house" or "mountain house" or whatever.  There is a case to be made that a much greater luxury is having the wherewithall to be able to go wherever you like, for as long as you like, when you want to, simply by staying in top hotels or by renting villas or yachts.  That's more difficult to do if you're locked in to a second piece of real estate you have to maintain and support with real estate taxes and other costs.  [/quote]

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