Even when you have children it’s pretty likely that you go on a family vacation each year, or at least once in awhile. It may be prudent and cost effective to consider investing in a stationary vacation property while your children are young if it’s something you can afford right now. It’s a wise option if a vacation home is something you’re going to want after you retire and the market for buying a home is currently a good one.
One people “fly” south for the winter, especially those that are retired. Having a vacation home now guarantees you have that place to escape to later in life, and it also ensures you have a vacation place to go to each year prior. If you don’t like letting it sit empty for the majority of the year you could always rent it out as a timeshare when you don’t need it. [Read more…] about Should You Invest In A Vacation Property While Your Kids Are Still Home?