Quote:
Originally Posted by pr0
the only way i would buy a waterfront home up north
would be if i planned on running a bed & breakfast
there is just too much $ in vacation properties on the water from Jersey/Maryland & South on the u.s. coast
everywhere from the jersey coast to miami is prime vacation ($2500 a week "peak time") vacation property
pretty much only older folks vacation in homes up north....& much fewer I'd imagine
could you seriously schedule in every week of summer successfully with a cape cod vacation rental?
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Good idea about the B&B, something to look forward to=)
Just in general, it only makes sense to get a vacation spot if it can be paid for outright or if you put down at least 50% or if you plan on renting it out.
If I ever get to that point, I'd like to rent it out when I'm not using it. Also, it seems like people that buy vactation homes have an extra few bucks to do it. Image having an extra 500K or whatever it is laying around, must be nice
