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Top 5 Bargain Vacation Home Spots

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SHELLY said:
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:blink: What a coincidence...an article in Nov 2006 ranked PC as the #1 place to buy too.

http://money.cnn.com/popups/2006/biz2/newrules_bestinvest/index.html

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Click to expand...

Fair enough. Same article a year and a half ago. But Shelly et al, please tell me-

What places are better in your opinion (and why)? I spent a fair amount of time visiting beachtowns in the US and while there- evaluating all that they had to offer for the price. We moved to Sowal 3 months after first visiting...

Many (if not most) are more than familiar with your sentiments on *when* to buy in SoWal. Oh look- another SHELLY posting that pokes fun at the message, "Now is the time to buy". What a shocker! Sorry, don't mean to get personal. I respect you but it gets old sometimes. We all know you were right...

Anyway, this article isn't as much about when as it is about where. So let's have it. Where is better to buy than SoWal area (which I presume is part of what the article refers to even though it says PC) and why?

G
 
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geowickey said:
Fair enough. Same article a year and a half ago. But Shelly et al, please tell me-

What places are better in your opinion (and why)? I spent a fair amount of time visiting beachtowns in the US and while there- evaluating all that they had to offer for the price. We moved to Sowal 3 months after first visiting...

Many (if not most) are more than familiar with your sentiments on *when* to buy in SoWal. Oh look- another SHELLY posting that pokes fun at the message, "Now is the time to buy". What a shocker! Sorry, don't mean to get personal. I respect you but it gets old sometimes. We all know you were right...

Anyway, this article isn't as much about when as it is about where. So let's have it. Where is better to buy than SoWal area (which I presume is part of what the article refers to even though it says PC) and why?

G
Click to expand...

IMHO this whole illusion of Vacation Area houses/condos as an "Everyman's Investment" is a folly--especially now during a recession. People with substantial sums of money to invest in RE already know when and where it's best to buy.

In my opinion, for those of modest means with extra money laying around collecting dust, buying a vacation home for fun--not profit--is merely a lifestyle choice....others would prefer to use this same money to travel the world; buy a boat; or gamble it away in Vegas every weekend.

Real Estate is an important part of a well-diversified portfolio, but for a huge majority of everyday citizens, their primary residence and REITs would be sufficient to check the RE block. Apparently there are still many people who don't realize that it was easy credit that lead to the building/flipping frenzy and made RE 'appear' to be a good investment...that ship has sailed, never to return.

Where is better to buy than SoWal area (which I presume is part of what the article refers to even though it says PC) and why?
Click to expand...

If one can comfortably afford to buy RE and loves the place, what difference does it make what I--or anyone-- thinks? If my comments give someone pause--then the problem is with them, not with me.


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SHELLY said:
IMHO this whole illusion of Vacation Area houses/condos as an "Everyman's Investment" is a folly--especially now during a recession. People with substantial sums of money to invest in RE already know when and where it's best to buy.

In my opinion, for those of modest means with extra money laying around collecting dust, buying a vacation home for fun--not profit--is merely a lifestyle choice....others would prefer to use this same money to travel the world; buy a boat; or gamble it away in Vegas every weekend.

Real Estate is an important part of a well-diversified portfolio, but for a huge majority of everyday citizens, their primary residence and REITs would be sufficient to check the RE block. Apparently there are still many people who don't realize that it was easy credit that lead to the building/flipping frenzy and made RE 'appear' to be a good investment...that ship has sailed, never to return.

If one can comfortably afford to buy RE and loves the place, what difference does it make what I--or anyone-- thinks? If my comments give someone pause--then the problem is with them, not with me.

.
Click to expand...

SHELLY, the thread was about the article and what we thought about it- not what caused the bubble and mortgage mess. So I do not believe I am asking an unreasonable question...

You posted the "blink" smiley which I think looks like a perplexed expression. So I am gathering that you are perplexed by the fact that the article states that this area is #1 as far as where to buy.

So, last try. Pls tell us where is better to buy...

With all due respect, your last message seemed like a bit of a cop out.

There is nothing wrong with saying something once in a while like-

This *is* a great area and it might very well be one of the greatest places to buy (if one were to be in the market for buying- irrespective of whether they *should* be buying at all)...

It will not negate anything wise you've said in the past...

:wave:
 
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geowickey said:
SHELLY, the thread was about the article and what we thought about it- not what caused the bubble and mortgage mess. So I do not believe I am asking an unreasonable question...

You posted the "blink" smiley which I think looks like a perplexed expression. So I am gathering that you are perplexed by the fact that the article states that this area is #1 as far as where to buy.

So, last try. Pls tell us where is better to buy...

With all due respect, your last message seemed like a bit of a cop out.

There is nothing wrong with saying something once in a while like-

This *is* a great area and it might very well be one of the greatest places to buy (if one were to be in the market for buying- irrespective of whether they *should* be buying at all)...

It will not negate anything wise you've said in the past...

:wave:
Click to expand...

Liz Pulliam Weston - MSN Money

http://articles.moneycentral.msn.co...onGuide/5ThingsYouShouldNeverRent.aspx?page=2

Vacation homes. You visit a beautiful place, you're enchanted, and the next thing you know you're dreaming about owning a little cottage tucked in the woods or by the lake or near the beach. Snap out of it, honey. Owning two homes is more than twice the hassle of owning one. The second home will have to be maintained, repaired and insured just like your first, but it will be empty for long periods, so things can go terribly wrong when no one will notice (bursting pipes, rat infestations, termite damage, etc.).
And if it's not sitting empty, it's being (ab)used by strangers or by freeloading friends. Most likely, you'll start feeling obligated to spend time there so you feel like you're getting your money's worth, even when you or your family would rather be somewhere else. Let other people deal with the hassle and rent their vacation homes.

DITTO....Shel.

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geowickey said:
Fair enough. Same article a year and a half ago. But Shelly et al, please tell me-

What places are better in your opinion (and why)? I spent a fair amount of time visiting beachtowns in the US and while there- evaluating all that they had to offer for the price. We moved to Sowal 3 months after first visiting...

Many (if not most) are more than familiar with your sentiments on *when* to buy in SoWal. Oh look- another SHELLY posting that pokes fun at the message, "Now is the time to buy". What a shocker! Sorry, don't mean to get personal. I respect you but it gets old sometimes. We all know you were right...

Anyway, this article isn't as much about when as it is about where. So let's have it. Where is better to buy than SoWal area (which I presume is part of what the article refers to even though it says PC) and why?

G
Click to expand...

Depends on who you talk to. I have many friends that swear by the Naples area for its warm winters (versus SoWal cool and sometimes cold winter days), some prefer Hilton Head, Amelia, Kiawah for the firm sand beaches, low country vegetation, golf, etc, others prefer the mountains of N. Carolina for the cooler summers, trees, golf, etc, others prefer Montana/Wyoming for the beauty of the Rockies, the skiing, the spectacular fall season, etc, ......

While an outstanding area to own a second home, SoWal is not the be all end all--cooler winters are a drawback, limited golf is a drawback, some people think the greenery (too many pines) is not very attractive, etc. That's why vacation homes have sold well in all these other areas too.

However, I agree with Shelly. Better to rent than own.
 
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