Reply to Second home vs Larger home

Forum Index » Real Estate

Reply to "Second home vs Larger home "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Key is to buy a second home somewhere people want to be[/b], and you would rather be. A house by a lake in WV isn't something anyone actually wants; it's a burden. A house in the Colorado mountains a couple miles from Breckenridge won't be a burden at all.[/quote]

+1 A ski house in a popular ski resort area or a beach house walkable to the beach in a popular vacation location can always be rented even during a recession.[/quote]

The rental market is far from recesssion-proof. The STR market is massively oversupplied in most areas and has seen a dramatic drop off in demand. We went skiing during the holidays and everyone was talking about how thin the crowds were and it’s only gotten worse since then. I have been searching for rentals for the summer in different areas and there is a huge amount of availability (at places that are usually booked up early) and when you look at the calendars, many houses with high ratings and long rental histories have few or no bookings for the summer. You should never buy a house you can’t easily afford without rental income. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics