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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous]It’s been a great investment for us, we bought in 2017 for $1.2M and similar house on our street sold this year for $2.5M. This is Delaware beach[/quote] You got lucky. And rates were low and Covid had skyrocketed prices in these locations. Don't project that this luck will apply to new buyers, they are likelier to be underwater with current mortgage rates and with demand dying down for many reasons, incl. econ downturn[/quote]
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