MRBXXXFVVS1
Brilliant_Rock
- Joined
- Dec 5, 2019
- Messages
- 1,450
For those who have vacation home(s), would love to get your advice and thoughts on:
1) Do you get a lot of use out of your vacation home(s)? Do you think it's worth it?
2) How do you view it as an investment compared to rental properties and the stock market? Understanding there are property taxes and maintenance costs. I think the return/appreciation would likely be lower than the stock market.
I personally don't think the hassle and wear/tear is worth it to me to rent out a vacation home, so it would probably sit empty 90% of the time.
3) Would you finance or pay cash? Benefit of financing is low interest rates, leverage, and can invest the capital elsewhere for better returns. Benefit of paying cash is I don't have to think about payments from a psychological perspective. I won't be able to take advantage of any tax deductions or benefits.
1) Do you get a lot of use out of your vacation home(s)? Do you think it's worth it?
2) How do you view it as an investment compared to rental properties and the stock market? Understanding there are property taxes and maintenance costs. I think the return/appreciation would likely be lower than the stock market.
I personally don't think the hassle and wear/tear is worth it to me to rent out a vacation home, so it would probably sit empty 90% of the time.
3) Would you finance or pay cash? Benefit of financing is low interest rates, leverage, and can invest the capital elsewhere for better returns. Benefit of paying cash is I don't have to think about payments from a psychological perspective. I won't be able to take advantage of any tax deductions or benefits.