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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous]We own a beach house in Delaware, and use it all the time. We definitely spend vacations there instead of traveling overseas or elsewhere, and have no regrets at all. It's close, easy to get to, inexpensive, and relaxing. Love it there! That said OP, you should not think of your vacation house as an investment. Maybe you can cover a bunch of your costs by renting it when you are not there, and that's fine. But as an investment, you have plenty of other options. [/quote] It sounds awesome if you truly don't care about going somewhere else. I love to explore and go to new places. We are working though, so time is limited. For me vaca home would have to be an investment and managed rental, so would have to be somewhere we'd want to retire, as this is when we will be really using it. I would at that point prefer something warmer all year around vs. NE beach town depressing in off season. [/quote]
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