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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 have been talking about getting a vacation home for years. DH got a large bonus this year and we are now sitting on a sizable amount of cash. Our family likes to travel but we don’t necessarily like to go to the same place so it is hard to pick one place for a vacation home. We like the beach but may want to go to Maine one year and the outer banks the next. Same with skiing. We go somewhere different every year. I also don’t want to go to the same beach for 2 weeks. If we go on a long vacation, it would not be to a beach house. From an investment standpoint, would be just be better off investing in mutual funds vs a vacation home?[/quote] It’s a terrible thing for people with children to buy, because it can serve as an anchor for all sorts of family drama. Your kids could get into all sorts of insane fights over it. [/quote]
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