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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maybe I’m too poor for a second house - but I make high 6 figures and it seems like a giant unnecessary money pit.  I’d need to be making at least 1M a year plus 2 kids at least in high school, with all years of HS and college already banked, before I’d think spending money on a second house made even remote sense.  [/quote]

Uh huh.  I'd argue that paying for private high school for most people is even more of a "giant unnecessary money pit."  That's half your second home right there![/quote]

I think private school is where you learn that education takes priority over materialism.[/quote]

Real estate is not materialism, it’s part of a diversified investment portfolio and you get to enjoy it![/quote]

If it’s an investment, it’s like a mutual fund that charges 3-5% fees a year.  Taxes, interest, insurance, upkeep, maintenance will easily run 20-30,000 a year.  Plus all of the equipment is also depreciating.  So, every day that goes by is twice as much air conditioner you’ll eventually have to buy.

I’m all in on primary residence being important and rentals being right under the right circumstances but calling a second home an investment is crazy.  And if you’re renting it out, it’s not a second home.

It is purely a luxury.  One that many people who can afford it may not want to.[/quote]

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