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Reply to "Do you think a vacation home is a good investment?"
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[quote=Anonymous]In my opinion vacation homes are awful financial investments. If it truly is just a vacation home and never rented out then you have to count on appreciation to cover not only your earnings on your investment but your repairs and carrying costs as well. Run the numbers- do a comparison of that money invested in the market, and the compound interest you’ll earn versus the historical appreciation from anywhere you’re looking to buy. From a purely enjoyment perspective it can be a good investment into family time. As far as being stuck going to the vacation home all the time that doesn’t happen. I use mine when I’m free but take regular vacations like everyone else. [/quote]
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