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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous]Makes no sense for you if you aren’t going to use it. And you are buying in at high prices in most places. Ours has turned out to be a good investment thanks to the boom market. Paid $1m 10 years ago, currently worth over $2m, possibly $2.5m. But our last beach house did not appreciate and we sold at the wrong time (except that we were able to buy our current house at a low point). The second home market can be more volatile. We use ours for 3-4 months a year and don’t rent. [/quote]
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