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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous][quote=Anonymous]I think a beach house is a pretty risky investment in this day and age, given climate change, especially in the outer banks. How has nobody referenced this gif in this entire thread? https://giphy.com/clips/storyful-northern-america-beach-house-weather-and-science-5eUavFFXo2TE3XoXJc Property insurance is likely to be sky high, and its likely these properties will become uninsurable in the immediate future. If you do buy a beach house, you are better off buying somewhere a few miles inland. [/quote] +1 I mentioned selling our place earlier--this, and the increasing insurance rates, motivated me. [/quote]
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