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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A second home is not an investment unless you want to become a landlord/property manager. [/quote] This[/quote] In which case it's not much different than buying an income property, e.g. rental. Because vacation homes demand varies by season and is subject to whimsy local rules that tend to change, your income stream also may become unstable, especially if you want to enjoy the property yourself. Depending on how much time you have to enjoy your property and what seasons are plausible (e.g. if only during school breaks, it's harder), you need to do the numbers. If you are loaded and don't rely on income from it, then go ahead, what do you have to lose. Vacation homes are the best for people who are retired, loaded and don't work for a living, work remotely and don't have school aged kids, or have loads of extra money they won't miss, and also live close enough to travel there frequently enough. [/quote]
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