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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I took a different approach, buying an expensive home locally with all the amenities I want, and just going elsewhere from time to time when I want a change of scenery.   I can't imagine spending hours each way to go to a second home, paying for maintenance and insurance on it, tying money up in a more vulnerable RE market as are rural and vacation area, and being always tied to a specific location.  You're signing up for financial and administrative commitments, and for a lack of flexibility.  But, each to their own.   [/quote]

LOL.  If you don't buy "an expensive home locally" then you can buy another that isn't local and together they can provide "all the amenities I want" and you can still "go elsewhere from time to time when I want a change of scenery."  What this thread is all about is how many "hours each way" to do this makes sense.  [/quote]

Because two lower end homes instead of one high end property with all your desired amenities also avoids all the financial and management costs associated with keeping a second house, and many people consider hours driving to and from a second home to be unproductive.  Time in a really nice primary property is not wasted, time on the road going back and forth is.  Not to mention the opportunity costs - with one home and the money you save by not paying for insurance and maintenance and taxes on a second one, you can vacation wherever you like whenever you want, without feeling that you should be using that same old second home because you're paying to keep it.

But, if paying and commuting to a second home floats your boat, more power to you.  [/quote]
There was another recent big thread about this in which the OP was deciding whether to upgrade to a nicer principal residence or to use that money to buy a vacation home instead. We did the latter and have been very happy, plus now the two homes are worth about the same — $1.2ish — even though we bought in a close in DC suburb for $675K 20 years ago and bought the vacation home 12 years ago for $450K. The biggest thing for us is that we had kids who weren’t involved in a bunch of weekend activities and one of them has special needs that makes traveling anywhere else really difficult and made a beach house worth it. And not that you should make major investment decisions on a once in a hundred years fluke but it was amazing during Covid.[/quote]

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