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Poll: Vacation Home

Watching House Hunters International made me think of this.

Your budget allows you to pay for $1,000 - $2,000 a month for a mortage home.

Would you a) buy a vacation home and b) where would it be?

 

Re: Poll: Vacation Home

  • I would not buy a vacation home. For that amount of money I could save it and take a really nice vacation somewhere different every year. I am the type that likes to go to new places.

     Now maybe if I lived in a bigger city where there were more more direct flights and I was retired or could work remotely, I might think differently. However based on current vacation time, family obligations, and the amount it takes to travel to places, I could never imagine getting much use out of a home.

  • When our mortgage is paid off we would like to buy a small cottage somewhere here in MI on a quiet lake.  I wouldn't want it to be more than 2 hours away though.  Too much travel time would take away from the relaxing factor for me. 
    Baby Birthday Ticker Ticker
  • We've talked about sometime in the future buying a cottage on a lake up north near our families.
  • Sure.

    Maybe Florida or the Carolinas, definitely near the ocean.  We'd rent it out weekly, and in 30 years when we're ready to retire it would be paid off.  And we'd use it during the next 30 years too.

  • I would love to own a place up in Big Bay, 25 miles outside of Marquette.  I have lots of family up there, and I love the area.  My aunts own houses that they rent out.  So we could own it, and follow D&M's idea with having my aunts be in charge of renting it out. 

    I haven't been up there in a few years and the added hassle of camping makes it less appealing.  Knowing we would have an actual house to go to would make trips there much more appealing.  

    I love the area enough I'd be willing to go up there in the winter even.

  • We have also discussed getting a vacation home up North, in the Traverse City area.  In our plan, we wouldn't have to pay that much in mortgage, so we'd pocket the rest of the moolah. :-)
  • No - I'd buy a regular home for us first. Stick out tongue
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  • Assuming our day to day living was taken care of already...

    I hope some day that we'll be able to take over some of the property my parents have up north.  I think I'd like to either buy or inherit that, use said budget money to pay taxes on it, and then save the rest for other fun things.  I might use it to buy a time share with exchange options so that we could travel various places.  I'd have to really love a place farther away than "up north" to want to pay to travel there all the time.

  • I wouldn't, but we'd take some amazing vacations with the spare cash.  We've talked about this possibility someday, but there are just too many other places that we want to go.  DH doesn't have very much vacation time (and works 6 days/week, so even weekend trips require vacation time), and with a vacation home, we'd feel obligated to go there.  If he had more vacation time, we might feel differently.

    What I'd really like is for my parents to buy a vacation home up north so we could use it without feeling obligated to go every year!  Stick out tongue

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