Does owning a vacation home make sound economic sense?
The purchase of a vacation home should be viewed as an alternative use of your vacation room rent dollars. How much do you spend annually renting vacation accommodations? Multiply this number by the number of years you plan on continuing to take vacations. Adjust this result for inflation. Now think about this. At the end of the road, what do you have? You have fond memories and a stack of room rent receipts. How much can you sell these for on the open market? Doesn’t it make sound economic sense to get a double benefit from your vacation room rent dollars and buy a vacation accommodation that has residual value?
