Is a second home ever worth it?
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Poast new message in this thread
Date: December 7th, 2025 11:16 AM Author: poppy aromatic chapel gunner
If you have kids seems a bit weird to have them spend summers away from friends unless you're an ultra-richmo where your circle just moves around accordingly.
If you don't who cares the money isn't going to do anything for you when you're dead so might as well
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49491155) |
Date: December 7th, 2025 12:34 PM Author: motley walnut space
Depends on the type of home but most homes need a shitton of maintenance and it seems not worth the bother. We can barely manage to take care of one house and there's a long list of projects we need to get to and we don't have the time to deal with it.
If you're retired or generally have a lot of extra time on your hands then maybe it's worth it.
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49491346) |
Date: December 7th, 2025 12:48 PM Author: elite range
of course? its basically free?
by the time you sell and deduct all you spent on having the home, you broke even or came out ahead, so you had a free 2nd home during that time.
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49491371) |
Date: December 7th, 2025 12:51 PM Author: ocher blood rage
As someone who grew up in a family with a vacation home - I would be extremely wary.
I would rather have grown up in a family without one.
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49491388) |
Date: December 7th, 2025 2:51 PM Author: Gay Field
Why not just get an Air BnB?
You don't have to pay any of the upkeep or other maintenance like you would for a home that you own.
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49491686) |
Date: December 7th, 2025 11:52 PM Author: Grizzly selfie
holy shit at all the pearl clutching analysis in this thread
Of course having a second house is great wtf is wrong with you people
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49492938) |
Date: December 8th, 2025 12:01 AM Author: Razzle-dazzle reading party center
Growing up my family had a beach home and a ski home, neither of which were within driving distance of our actual home. I did not like it because it locked us into a disproportionate number of vacations at those two places. We never lived at either or stayed for more than 2 weeks at a time.
I will say that my parents are naturally gifted home repairers, additioners, and decorators who sold those properties at wild profits and have since done the same with several others. For some of these I'm talking from under $1.5 to well over $2 in the course of less than 5 years (this wasn't some one-off miracle; they consistently got great gains). They would also rent them (short-term vacation) out through local property management companies when we weren't there; my parents would handle some repairs and replacement of stolen/lost/broken kitsch, but none of the day-to-day.
If you don't *like* that shit then obviously don't do it, but this is not, say, buying a boat. It is not a bad financial proposition at all.
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49492949) |
Date: December 8th, 2025 12:11 AM Author: charcoal angry turdskin hospital
We have had a second house for 22 years. It's a winter escape. Swapping snow for palm trees is nice, and since we have friends and family in both places it's pretty homey feeling. Could I live without it? Sure, but I don't plan to sell it or rent it out unless one of us becomes debilitated so we can't use it. It's not that hard to maintain. We have a house watcher and a gardener. Things rarely break, and when they do we just get them fixed. The unrealized appreciation has far exceeded costs, but a stock market investment would have performed somewhat better. I wish it wasn't so far away, though. 2000+ miles is a PITA sometimes. It's an all day trip by air and several days of driving otherwise. We both prefer driving, esp. since we can visit friends along the way.
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49492964)
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Date: December 9th, 2025 9:50 AM Author: chest-beating heaven dopamine
i had a second forever and it honestly was just of a pain in the ass. youre always traveling to it in peak traffic (Friday night to Sunday night).
youre constnatly buying groceries and stuff like milk that you have to throw out. you have to maintain it because it still gets dust and yard needs to be mowed. so if you dont want to sopend your whole weekend vacuuming you have to pay someone to do it. and yhour paying tax for services you dont even use.
if i were much richer sure or if it was a lake cabin with a boat sure, but it mostly sucks just get a hotel or stay home
(http://www.autoadmit.com/thread.php?thread_id=5807480&forum_id=2,#49496160) |
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