Quote:
Originally Posted by LakeCleElum
Frack that. I know VRBO and AirBnB are cheaper, but I don't want no one sleeping in my bed.......Cabin sits empty most of the year........
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^for me...this.
Wife and I bought a vacation/weekend home 4 years ago. No regrets, we love having it. If our financial situation required it I would consider doing VRBO/AirBNB, but more likely would sell it off at that time. We bought it pretty low, market wasn't strong and the place needed TLC (still does). I don't view it as a money maker investment, rather I see it as a relatively safe place to put some money, that I also get a lot of enjoyment from at the same time. I don't get that kind of enjoyment out of mutual funds, or whole life insurance policies. Part of the value is intangible, the experience itself. If that math works for you, its a nice thing to do. One of the keys for us is that our 2nd home is 1.5 hours from our primary, which means we get to use it frequently (almost every weekend). For me, it wouldn't work if I only visited a few weeks per year.