Reply to Do you think a vacation home is a good investment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It depends on location, and a host of other factors, OP. To me, it is not worth the investment of my mental energy.
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+1. For me its the mental energy specifically. Maintaining our primary home is work enough. I don't need more work. I'll stick to hotels and rentals. If I were uber wealthy and a personal assistant could manage all the property maintenance and contractors maybe, but I'm not. [/quote]

+1 We sold ours.  There's also a huge glut of vacation homes right now since everyone and their brother started doing airbnb/vrbo etc  AND insurance market is rapidly changing for areas with climate issues.  Insurance for a rental property is always a lot higher.  I feel we got out when we should, but I could be wrong.  It was nice for about 2 years and then a hassle.[/quote]

Rehoboth inventory is tighter than northern va and prices are insane. Glad we bought 18 yrs ago. House tripled in value. Will retire here and also work remote here in Rehoboth. 🍷 🏖️ [/quote]

How much time have you actually spent in Rehoboth in the dead of winter?  I grew up in a similar beach town, and let me tell you:  the winter is brutal.  With the money you could get for your house, there are a thousand places that are more pleasant and interesting to retire to.  [/quote]

Everyone has different tastes. Personally I happen to love the beach in winter. A fire in the fireplace, the sound of the wind whipping the dunes, and a walk on an empty beach wrapped in a blanket with a Yeti full of spiked hot chocolate is just as lovely to me as a warm summer day. [/quote]

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