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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, it doesn’t really sound like it makes sense for you?

Most people who purchase vacation homes already have a place they like to go.

If it’s actually the investment you care about, there are far easier ways to make money.[/quote]

Yup!

Think of how many people you know who only vacation to the MD/Del eastern shore because "we own a condo there and we must use it".  If you want the ability to travel and vacation in different places, don't get a vacation home.  Unless you want to be a landlord and deal with all that entails.  [/quote]

No, lots of us have homes on the DE shore that we use as weekend getaways and we travel and vacation in different places.  We are doing 2 international trips this year and 2 domestic trips.  There are many like us out there.[/quote]

Good for you.  There are also plenty as described above---who "vacation" at their beach house because they feel the need to "get their money's worth".  If you are worth enough, then yes you can have a vacation home and still take multiple other fancy vacations.  However, many are not able to do so.

I mean, I own 3 homes, each worth $2-3M pre-renovations, recently gutted/renovated 2 of them, am taking 4 international vacations this year and 3 domestic vacations.   So I guess that means everyone does that....[/quote]

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