Reply to Do you think a vacation home is a good investment?

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[quote=Anonymous]Don't ask people as experiences are subjective and many bought long ago.  It's like any property in a good desirable location.  Those who bought a decade ago or with low rates and lower prices feel like it's been worth it.  Those who are buying now may be in different shoes.  Don't know what future holds. Also you won't get much perspective of ppl who bought in other locations that aren't $$$$ and in higher demand like Delaware which is small.. Maybe ask someone who bought further south where beach properties are far more plentiful and people aren't as rich as they are in the NE.  Or those who bought airbnbs in the SW which is having some sort of crisis now.  FL is iffy, homes in good suburbs appreciated like crazy, so those who bought them for vaca homes are happy.  But those who bought condos maybe not so happy, and those who bought SFHs in less desirable areas thinking they will get tons of guests for their airbnb like they used to during the pandemic maybe are regretting it.[/quote]

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