Reply to Do you think a vacation home is a good investment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have been talking about getting a vacation home for years. DH got a large bonus this year and we are now sitting on a sizable amount of cash. Our family likes to travel but we don’t necessarily like to go to the same place so it is hard to pick one place for a vacation home. We like the beach but may want to go to Maine one year and the outer banks the next. Same with skiing. We go somewhere different every year. I also don’t want to go to the same beach for 2 weeks. If we go on a long vacation, it would not be to a beach house.

From an investment standpoint, would be just be better off investing in mutual funds vs a vacation home?[/quote]

We have a 2nd home, but it is not a vacation home. I do not understand the concept of a vacation home. Vacations are vacations, being at your home is not a vacation.  No, our 2nd home is not an investment unless you count how much it has appreciated (which indeed has been significant) however, we have to maintain 2 homes so it is expensive.

Not sure why people think owning a 2nd home pervents vacatons.[/quote]

Because if you stretch your budget to get a 2nd home, many times you cannot justify/afford to take other vacations.  I know many many people who only go to their condo on the shore and maybe Disney.  That's it...they always feel they need to use their condo to get their money's worth...and/or are worried if they don't get enough renters that they wont break even.

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